sch17

sch17

It is crazy, but why not?

sch17

RSI has divergence on the weekly timeframe. It will be a correction

sch17

Chart with additional curves

sch17

On the weekly timeframe, we have figure of the triangle. Fibonacci levels on weekly and monthly timeframes.

sch17

On 3dayly timeframe we have following case

sch17

On the weekly timeframe, we have a breakout of the descending trend line. And we will have the following resistance levels (by weekly and monthly Fibonacci): 0.034 (m), 0.048 (w), 0.059 (m). From monthly levels, we will have some corrections.

sch17

For this time the most realistic scenario is the downtrend to previous support line (app. 5k$).

sch17 Updated 

For this time we have strong Weekly Resistance Line (0.618 Fibo, app. 7.8k$) and Senkou Span B (Red Line) as a Resistance and that's why the price cannot move upper. But daily support line (app. 6.8k$) is strong enough. In another hand, Triangle had formed. Depending on the direction of breakdown, the price can go to 12k$ or to previous support line (app. 6.0k$)....

sch17

For this time we have strong Weekly Resistance Line (0.618 Fibo, app. 7.8k$) and Senkou Span B (Red Line) as a Resistance and that's why the price cannot move upper. But daily support line (app. 6.8k$) is strong enough. In another hand, Triangle had formed. Depending on the direction of breakdown, the price can go to 12k$ or to previous support line (app. 6.0k$)....

sch17

For this time Weekly Resistance Line (0.5 Fibo) has a big strength and that's why the price cannot move upper. But Ichi Cloud is a support base for the price line. Depending on the wich line will be weaker, the price can go to 12k$ or to previous support line (app. 6.8k$).

sch17 Updated 

Now the price for BTC fluctuates around the daily support line. In addition to this, the final formation of a triangular support line and a resistance line takes place. Depending on where the exit from the triangle happens, there will be either a growth to at least 8000, or a drop to the next weekly support line (about 4900).

sch17

On weekly chart we can see triangle pattern. On dayly chart. Price repulsed from support line (0.052) and turned to up. Short goal is down cloud limit line and resistance line (0.070-0.072). If we go through the cloud next goal will be high border of triangle and resistance line of Fibo (about 0.090)