Breakout imminent and possibly a bull flag.
Diupdate
note: Im a noobie and this is my first charting attempt.
Although a lot of the ideas seem suggest a breakout to the downside, this is an alternative and from the way bitcoin has been acting lately I think it is probable. Regardless, there is a wedge forming so we will know soon. What do you guys think?
Although a lot of the ideas seem suggest a breakout to the downside, this is an alternative and from the way bitcoin has been acting lately I think it is probable. Regardless, there is a wedge forming so we will know soon. What do you guys think?
Catatan
ok that was a bit weird, it was following the flag almost perfectly then there was a sudden rejection around 11470 to near previous lows. Its bounced back to previous highs as support but the flag is definitely not in play anymore.Catatan
Figured out what I missed.The reason it went down from 11470 is because it was a major resistance during the bear market of 2018. and the reason it bounced back after going down near 11300 is because it was a major support and resistance during the bull and bear markets (2017/2018).Catatan
new prediction: 
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