On Monday we saw a fall in the price of bitcoin,just came out of the triangle Then the price to dramatically shoot up, jumping over the borders of the downward channel and went up to the resistance level of Fibonacci 50% and the upper boundary of the sideways range.
On the daily chart, I see the diagonal levels of support for the course from which we pushed off and up, as well as the larger triangle on the daily timeframe. That is, the breakdown of the downtrend channel on H4 chart still does not speak about possibility of growth, it is very likely that this is just another move within the consolidation structure of the course. In order to start talking about a possible price increase necessary to break through the $340 up to this point we are in the bearish short-term motion vector, the medium trend increasing. And even correction to near $290 will fit into this uptrend. At the moment, I'm in the fog when passing $314 down - come to $290, in the breakdown of the $345 up - can get up to $370. In the coming days the most likely consolidation within triangle on the daily timeframe.
On the daily chart, I see the diagonal levels of support for the course from which we pushed off and up, as well as the larger triangle on the daily timeframe. That is, the breakdown of the downtrend channel on H4 chart still does not speak about possibility of growth, it is very likely that this is just another move within the consolidation structure of the course. In order to start talking about a possible price increase necessary to break through the $340 up to this point we are in the bearish short-term motion vector, the medium trend increasing. And even correction to near $290 will fit into this uptrend. At the moment, I'm in the fog when passing $314 down - come to $290, in the breakdown of the $345 up - can get up to $370. In the coming days the most likely consolidation within triangle on the daily timeframe.