Based on two previous two ATHs in Dec 17 and Jun 19 and two correction periods that followed, we can find the following clues:
1. First drop would form a triangle pattern above or close to 55 EMA with RSI < 70
2. Second drop would be a nosedive with wicks touching 200 EMA
3. RSI < 50 and 55 EMA below other lower time frame 8,21,31 EMA would be bearish
Prediction:...
BTC 1h chart sees recent 3 touches
on bottom of the long-term uptrend channel no. 1,
with support 7550, resistance 7770,
fluctuates around 7600+ range
Bullish - once it hits above 7700,
to see if move above the channel
Bearish - tanked at 7550 and moved out of uptrend
Beware of bull/bear traps in the no trade zone
Wait for confirmations to enter short/long...
