As you might understand from the title, BTC did not have a fast move yesterday as I had pictured.
though is still consolidating in a pattern looking like a flag to me, same level of $8400 support but we were able to break for a little while $8900 level and reach almost $ 9000.
Now we are back around $ 8780 looking for a potential break of $9000, of course it is possible that we could pull back to the $8400 level but it might seem that the bulls are willing to fight a bit more.
In my opinion if we do manage to hold (always 4H chart) $8800 we migh be looking at a pump all the way to $ 9300 - 9400 which would bring us back on track for the $ 10500 that in this case would be pretty likely, this pump woould be supported by a possible double bottom and plus the CME futures gap that as some of you might know is a very bullish signal due to the fact that gaps tend to be filled.
If we are going to fall instead we will be retesting $8400 if it's broken we may see prices pointing to $8200 which has held us pretty nicely 3 times but sooner or later if we test that level again might not held much more bear pressure.
If we look at the chart I made for my first post, the pump up will bring us straight at the second zone by skipping the first zone, while a little retracement to $8400 will only touch the bottom of the flag, if we are going to fell below, the first zone is the most likely new support zone.
to summarize I believe we are going to see btc raging around $ 8800 or a bit higher till we'll have a correction that might break $8400 pointing to my first zone, keep in mind that if we break $9000 we may see even $9400 soon.
that's it for today, it might be not much yet i hope you like my ideas and i do apreciate feedback (such as if more fundamental is needed to explain or same more TA) and new ideas too.
(always reminding that everything here posted is not a financial advice and that everyone should do his own researches and make up his mind with clear ideas)