On the H1 we see that a potential bearish butterfly harmonic can begin to set up here. All fib level values are stated so when the pattern completes be ready to sell for about 50 pips! The USD is very weak right now so I believe we will reach our completion price.
Following trend lines, this could be the end of the rally may turn into long term trade. Intuition also.
Drew Fibonacci retracement from bottom resistance to top. Key levels to watch are the levels it hit before (look left) which in this case are .5 and .618. It could also follow this channel or it could break this channel. Will only enter trade when key levels are hit.
Right here BTC should consolidate then bounce off channel into new highs in the 9000's. There seems to be strong support here. Also, as you look around at other crypto charts you will notice that they already touched their channel line so this should get interesting in a few.
Major support / Resistance zone coming up which could honestly be the big thing the strongest hold everyone has been waiting for, don't try to catch a falling knife tho.
Lately many whales have entered the market, the market has also been pretty predictable as its in a curve shape right now. If it breaks this cup and handle and shoots up after Last Kiss then we may be back in a bullish market. If you like this idea be sure to hit the like bottom and give a follow. Happy Trading.