Market corrections tend to be 45-50%. Ticker for this is: COINBASE:BTCUSD*16692550+BITFINEX:ETHUSD*92862174+BITTREX:XRPUSD*38622892459+BITFINEX:LTCUSD*53927233+BITTREX:DASHUSD*7701656+BITTREX:NEOUSD*65000000+BITTREX:XMRUSD*15377976+BITTREX:XEMUSD*8999999999
The pull backs of bitcoin almost happen like clockwork.
Bullish chart pattern, look for some good entry points on the lower edge of the triangle.
Ascending Wedge + low Volume -> bearish
Watch for an inverted cup and handle. Many other short term bearish indicators.
Disclaimer: I'm learning. This looks like it could be forming a descending triangle, if it breaks below support could be a good short term short opportunity.
Is BTC consolidating at new ATH? Most analysis I've seen expects a pull back, but we seem to be trading in a tighter and tighter range. Perhaps volumes would be a bit lower to show strong indications of consolidation.