Consolidation extending. Wait for break-out or scalp Rectangle.

BTC is following the exact Fibonacci pattern of the previous Lower High on 1W. Assuming that 5,879.30 was the bottom of this leg, the price should now extend to the 0.618 retracement level since July's 8,500.2 Top which is 7,469.70 (before dropping to 5,800 again). With the current 1D consolidation (ADX = 44.824, CCI = 21.5859, Highs/Lows = 0.0000), the Head and Shoulders pattern has been completed. The last 1W candle closed on marginal gains (+2.54%) but the Monthly remains bearish (-16.30%) and should stay this way. This suggests that the rise near 7,469.70 should be a very slow process especially since 1W Highs/Lows remain low (-33.1043) and Monthly neutral (0.0000). Slow pace within a long term bearish cycle. 4H is trading sideways within a Rectangle (RSI = 51.966, STOCH = 47.252, ADX = 30.136) with 6,623.8 the obvious Resistance. No need to rush our positioning. If 6,800 breaks, I will target 7,500 where I will reverse to shorts. If 5,762.9 breaks then I will target 5,450. Anything in between currently gives no direction and can only be scalped.