Bitcoin still in consolidation modus.

Updated
After recent short squeeze topped out just above 2018 opening price, Bitcoin has been in consolidation. It formed a descending channel, which looks decent, but is not yet confirmed. The lower parallel of descending channel has a confluence area with late May resistance, turned support mid June.
-Entry: 9000$
-Aggressive stop around :8000$, conservative stop below :7450$.
-Target: 17,250$ (2018 High)
Trade active
4-hour touch @ lower parallel, 100% trend extension and the May high (Resistance turned Support.
snapshot
Note
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Note
Waiting for a close above slope support, retest of May low still a possibility.
snapshot
Note
May low has to be May high ;)
Chart PatternsTrend AnalysisWave Analysis

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