I am taking a look at the 4hr chart this morning and waiting for a move. It should not take much longer, as Bolinger bands are tightening on multiple time frames. Not to mention the fact that RSI supports a move on multiple time frames as well but the RSI is not very telling due to the fact it is pretty much centered on the graph. I am thinking a move down is the path of least resistance. With the death cross looming on the daily and the fact we cant make it above the 200 MA on the daily is all bearish in nature. I decided to throw a speed fan on this chart and you can see how well the candles respect the tool. I really like the speed fan. Fibs are my favorite tool (from speed fans to trend based etc) Fibs cant tell you the future by any means but it can help you predict where the candles could find support or resistance if you understand how to use them. I have put a descending triangle on the chart and we seem to be respecting the borders of the pattern quite well. I may have underestimated the time we will spend inside this pattern yesterday when I said 12 hours until a break out. If this pattern is accurate a break out should occur within 24 hours or so from now. Right now even inside the triangle we are walking up the .382 fan and the 4hr 50 MA is above us containing the candles and keeping them stuck in the middle. Below us is the bottom of this pattern we are currently residing inside (around 8237) We have seen support hold in this area but as we approach the end of this pattern I expect that to change. Many indicators point to a move including the tightening Bolinger bands and the triangle we are in is consolidating the candles. This is the calm before the storm. 8100 is directly below the descending pattern we are in and if we do break to the down side the .25 fan may just provide some support. There is also support at 7750. Daily volume is at $14,698,074,984 which is not too bad, but it has been dropping steadily. Trade with caution here folks. I think a move is coming. For what its worth I am still bearish but WTFDIK right?

https://www.tradingview.com/chart/BTCUSDT/DJg7F61U-Bitcoin-4hr-chart-10-15-19/

