Chart Pattern Analysis of Bitcoin

The present candles is a dead corner of nearest support and resistance.
A sharp price move is on the way in the coming days.
If we want do bet, this is a good position to join and buy or sell.

I tend to a short it here. After weeks price down, the upthrust could only
touch 0.5Fib line of the downtrend. It is a sign of weakness.
Besides, most candles stay below ice line.

K4 is a threatening engulfing pattern, but leave a long upper shadow, it couldn't
closed near the top like K3 or K2. Which verified a fact that the supply is still in control here.
Besides, the demand is decreasing, compared to K3 or K2.