Bitcoin planning to make one final serious move.

28. Aug. 2019

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Typical 4Hr Bitcoin Chart. BTC price is respecting quiet nicely the blue triangle, apart from this its following the trendline (red) drawn at bottom acting as 1st support before price might tests triangle base (blue color)if red support fails.
Its a descending triangle bearish, btc might jump bit above triangle to trap longs IMO, but if it stays above red support trend line, i'm bullish as its making higher lows, if it breaks red support I'll be bearish and open short.

Checking on fibonacci scale, btc is playing with fib 23.6 making lower highs.
If things goes out of box and breaks triangle upwards, 1st target will be 10500, 10900 and will test 11241 in no time.
If it breaks down 9846, this time we will be back in time.