Possible bat pattern. should long now and take profit at 4600 and stop loss around 3900
Point 5 is dangerous, but now it's reverse to uptrend. Let's see if we can get a higher high. Supporting line at 4350. As it has been going up from 1800 to 4000+, market needs time to go beyond $5000, which is forcasted by many people that this year BTC will reach.
Now it's in a downtrend with a supporting level at 4000 and resistance level at 4400. The 1-2-3-4-5 is the wave that I'd like it's going to run to be bullish. If directly break-through the Line A, then I will take short long.
Resistance at 1700 and support at 4250 & 4000. Now it's going to move at 1-2-3-4-5 downtrend.
crucial time to decide whether it's a 1-2-3-4-5- down trend, or two a-b-c-d-e combined E uptrend. If it fails to go beyond C previous high, then down trend will be established.
supporting level at 4645, if break-through confirmed, then $5000 will be tested again. RSI also confirmed new high trend. 4453 will be next supporting level if failed to break-through.
Triangle down trend break out, Hard fork in 2 month acts like Damocles's sword.