Big pattern is a falling wedge thats on resistance. I doubt it, but (always plan for a plan b) if we all in a bullish triangle at this point 3800-ish range is ideal target. Bears are in full control and have been for a while. Bitcoin is going to 2000 and there's nothing you can do about it.
BTCUSD. Support area is simply shown in fib. You see it. 2300.
Shorts will liquidate soon.. will they break resistance and make this chart invalid?
Know where the resistance sits if you're going to go long on LTCUSD. Know where the support sits. The Support wedge has it's hands wide open to catch coins. Would you long this based off the chart? Anything is possible, but price needs to break the R wedge first. Until then, wouldn't long this in a Daily.
The fan pattern looks bullish if support holds.
SHORT ON 3800 SUPPORT BREAK IF PRICE DOESNT BOUNCE