Manipulation at play... don't give up your coins. Bull continuation is coming! Hold or buy are the only options here. If you're nervous, ZOOM out and STOP looking at short timeframes. Use the 8-hour or daily to assess where we are be glad you're on the right side of the trade.
A very good sign has emerged. We have broken through a triangle and negated the Head & Shoulder pattern we were in. There is resistance at the 38K level, but the MACD is coming to the end of the RED cycle on the 1-Hour chart (remember always to zoom out for long term plays). Ignore the nay-sayers and pupu-ers trying to scare people in selling.
We are in a downtrend designated by two lower highs' and two lower lows. If we make a third lower high and lower low we may test the bottom segment of the triangle. If buyers take over, we could test or breakthrough the top segment of the triangle and continue the bull run up. The MACD on the daily chart shows red with the MACD under the signal indicator. The RSI...
It appears that a Head and Shoulder pattern is still in play with BTCUSD. Though no tech analysis is 100%, the area of 32K seems to be the deciding area for either a reversal or a further dip to the next support level.
![BTCUSD: Slowly Closing a Triangle Pattern [BTCUSD]](https://s3.tradingview.com/i/IqtEK2Kp_mid.png "Slowly Closing a Triangle Pattern [BTCUSD]")
