Bitcoin About to Change The Trend?

Bitcoin Daily

Currently in a sideways movement, Bitcoin is still hovering above the 0.786 Fibonacci retracement, waiting for something to happen. Despite all this, the red Ichimoku - resistance cloud has closed for the first time since March 2018 and that's something!

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Full Ichimoku

Here's a full view of the one year red Ichimoku and our tiny bullish cross:

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Moving Averages

The 55 MA (blue) is still holding the bullish cross above the 100 day (red) MA. The 21 (yellow) is approaching the price and perhaps it'll carry us like it happened before. The Volume calculated by Coinmarketcap is also staying pretty high, which is a good sign.

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4H chart

The bearish RSI and MACD divergence brought a brief correction. The price is currently finding support above Ichimoku's Tenkan and a solid support cloud has formed below us.

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Bullish Pattern: Adam and Eve

The pattern is still in the game; we still need to see a breakout above the 4100$ resistance or a rejection.

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Bullish Pattern: Reversed Head and Shoulders

Another way to look at the current price action is this H&S - ish pattern. It's kind of suspect though and the Volume isn't confirming it.

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