BTC weekly: Bottom of the trading range, rebound?

long, 9200 target

Weekly analyse: We are in a consolidation zone since the big red candle (bearish engulfing) followed by the markdown at 6000 (down rejected pin bar, and we are in an inside bar: on a monthly chart) wich set the trading range : 7540- 11536. We are in this range since 7 weeks now.

Last week was a reversal candle (bearish outside bar): impulse is bearish, with news, but no fundamental changes still. G20 will certainly be about terrorism and money laundring, not much more i think.
Regulation would bring fresh money.. When i see this, i see bankers that want to be in. There are good news: barkley..goldman Sachs.. that is in poloniex already so they want cheap BTC too, so they set panic by telling everybody that btc will go down).
I think this is it, because we stopped at the bottom of the range. We have supports too.
I will get out if i see a break of 7292.

reuters.com/article/us-g20-communique-draft-cryptocurrency-e/exclusive-g20-financial-heads-to-urge-crypto-asset-monitoring-to-safeguard-financial-stability-idUSKCN1GP2PQhttps://www.reuters.com/article/us-crypto-currencies-google/google-bans-cryptocurrency-advertising-bitcoin-price-slumps-idUSKCN1GQ0GD

reuters.com/article/us-crypto-currencies-barclays/bitcoin-exchange-reaches-deal-with-barclays-for-uk-transactions-idUSKCN1GQ2JD

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LOG CHART

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MID range is in orange

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Monthly chart shows the risk: The risk shown here is that if we have a weekly break down of our range, we will probably go down to 6547 (november candle), maybe a little under.. This candle go up to the top of the weekly range too. So this is why i am in too. We have EMA's under us too, even if i am not a big EMA fan for trading.

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Linear 4 H chart: You could wait the cross of the red resistance.. or a retest, or buy with stop.
We have a down rejected pin bar, a bullish candle, and now an inside bar.. this might be a reversal.

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The log chart is looking even better.

Trade active

My linear 4 h chart shows red line, sorry i didn't draw it well.. here is the daily chart (linear). You can see that we are actually back up th green descending line (wich was the red on the 4 h)

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1h chart.. i might adapt my target around 8700-9100. But not yet. I am expecting some buying after the G20 too. If it is the case, i will add.

I am not worry of a retest of the 7900 area.

Here is the green candle.. and my min expectations

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Trade active

moving stop up to secure, break out of the triangle.

Trade closed: stop reached

8381 stop reached

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looking for the next entry

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let see if this hold before ..

KTRAD

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KTRAD