BTC Update
Looks like a rising wedge (bearish), shown here on the hourly chart. I believe it will either begin breaking down through the lower trend line. Another bearish scenario is a touch to the lower trend line, then back to the top (which by that time will coincide with the 200MA which will act as a ceiling and lead to a break of structure).
Note
Here's the outlook on a 4 hour chart. Best case scenario, in my opinion, would be to find the 4hour ichimoku as resistance before topping over.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.