BTCUSD Bitfinex

- Indicators are showing some cool down.
- BTC is reaching to its short term parabolic curve(weekly).
- BTC has touched its FIbo 0.386 from the bottom.
: That means some of us could belive that BTC is ready to go to the moon.
: I'm a 1K bear. ...

- Symmetrical triangle(bearish) is forming at Daily chart. But it need some more candles to be confirmed.
: MM made a drop to make its weekly candle to be a red one at the last day of the previous week.
: IMO, we need at least one more weekly candle to confirm BTC's direction.

Do not panic, prepare your own chart & get some money.

GD

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We need to breakout this hostile zone.

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Basic symmetrical triangle(bearish)
For more bullish run or FOMO, BTC should another peak at least 14K.
That means BTC would break out its resistance of the 3 fibo channel from the bottom & the top.
On that case, we could anticipate a new historical high at above 20K.

Good luck

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BTCUSD is trying to keep its parabola, but still got strong pressure by its short term fibo channel(0.618 from the local top)

Anyway, some bullish pattern(possible IHS + Possible descending broadening wedge) has been formed.
Take your own risk.