Two possible scenarios for BTCI see two possible developments for BTC in the near future. One with a shakeout and drop to the MA20 (moving average over 20 weeks), and then bounce, and one where BTC starts climbing directly. What will happen, no one knows. However, I see the
outcome of both scenarios in a continuation of the bullrun towards 40k+ .
Shakeout
USD(DX) goes NorthElection day - shakeout. Then, we had a small correction, ended with spring. Most likely USD will go higher.
USDCAD Possible breakout on weekly chart update shakeout on 4hr
As I got my order filled overnight, first thing in the morning I saw that prices had gone up on low volume which is an anomaly, then price had dropped rapidly forming a very wide spread bar with low volume which is another anomaly. And now prices are moving up on high volume wich is as sign of strength. If the high volume movement lasts to the last swing high we probably will have a breakout. If volume dries up at the swing high and we start to see wide spread candles with high volume, it will probably be best to close the trade.