Whats up everybody on here!
Hope you are well and are still healthy. Time for more Crypto TA now that we have a resolution. I left you guys with the Chart below, let's see how that played out!
Well, we got both moves before we had a break to the upside!!! As you can see last week we tested the price zone of $6480 the red arrow target, but did not broke lower. On the 18th of April we got the green arrow but still not broke higher this time, BUT $6775 held us as a higher low and eventually we broke the upside target of $7300~ and peaked at around $7800~ around the major exchanges. That's a pretty nice pump. 
Okay what do i think could happen next based on what the chart tells us?
There is of course the bullish scenario: (Green arrow in the Chart below) BTC needs to go for the $8400 level and break it for a run to 10k!
The sideways scenario: (Orange arrow in the Chart below) BTC is going sideways into the halving between $7800 and $6800 OR if he breaks above $7800 we may see a range between $8400 and $7800.
The bearish scenario: $7800 is a medium term Top and we break below $6700 and going even further down, with some bounces along the way. OR BTC pumps to $8400 and builds a massive top there. Falls below $7800 and starts acting bearish again.
Momentum Indicators are in the middle of nowhere with both the RSI and Stoch have room to go up OR down.
Personally i lean to the sideways scenario, but that's just my opinion and if the Chart tells me something else i will act accordingly! Alright everybody, if you have any questions hit it in the comments!
Also Check out the other Post!
https://www.publish0x.com/thecryptohack1/bitcoin-broke-its-consolidation-pattern-what-now-xjnjxe
https://www.publish0x.com/thecryptohack1/bitcoin-broke-its-consolidation-pattern-what-now-update-1-xpwjdz
Stay safe, Stay healthy and enjoy Life!
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Do NOT trade based on what you see in this analysis. You should only trade based on your knowledge, experience, and risk as a trader. This information is for educational purpose only. Trading in any market contains a high degree of risk. Always seek advice from a licensed financial planner or adviser.
