This could happen if Break out down trend channel 1. Break out of confluence zone which are break out 35.5k resistance and break out of down trend channel. Making a Higher High 2. Complete the W pattern and rally to the target at 42.8k which is important because BTC will have Higher High than on 20 May. This could be the signal that we're turning around to...
1hr Chart. This could be Cup and handle pattern. Looking bullish.
This is 15 mins chart comparing BTC to DXY. On the left side of the graph has no retest. So we might fall down to 32500 level. The bull please fight back. I hope we'd have a strong bounce after this dip.
Update on my previous chart. Here we are. Zooming on the 15 mins chart. BTC is trying to break out of the 35-36k resistance. Money Flow Index indicator shows good support.
Green Dot on 2 Day and Day indicator. Money flow in red is getting less. BTC has to break trend line and 35k resistance in order to rally up to test at 40k level.
Descending wedge for bullish. If you're bearish, you might wanna skip this chart.
Bearish or Bullish? Decide for yourself. I just share my idea about the price target.
Possibility trend in my opinion. Which one do you think is possible? 1. Death cross then nothing much happens. Continue carry on to the upside. 2. Death cross + Bad news then fall off the support trend to the support line at around 37200.