This picture bellow is situation few months ago, when BTC tried to make 9k USD. There are two well done steps up and then the third step which failed to finish, followed by immediately dump: The same thing is happening right now: #JustSayin
BTC is forming little ascending triangle with ascending trendline acting as support and 0.382 fibonacci level acting as resistance It could break-out in every moment, but estimated end of the pattern is on 16th October Specific targets are shown in chart (Fib level above and bellow)
Its look like we are forming head and shoulders pattern in continuation pennant.. So there is some chance to: 1) Breakout from pennant and touch upper trendline 2) Fakeout from pennant (dip) and go back all the way down 3) Breakout down from pennant Specific support and resistance levels in picture
I preffer the downside scenario drop to one of these supports: 9900$-9450$, more likey both If happends the oposite scenario, im looking for 10850$
Two versions of possible outcome from this ascending channel. I more likely stand for the orange version. The yellow line is ascending trendline since last channel breakout, working as possible support and pushes price up, till new breakout from actual ascending channel.