BTC has been in the wave C of a minor correction (https://steemit.com/crypto/@cloudconnect/elliott-wave-time-cycles)
That ^^ is based on the assumption that it's a bullish triangle settling pattern. Attempting to guess the direction of the breakout before it happens is really dangerous! So, just keep your eyes on the boundaries and volume. look for massive spikes in volume.
Zoom in:
You can also consider the RSI/Bollinger Band duo indicators. RSI is the green at the bottom and Bollinger is the intestine looking case around the candlesticks.
Look them up! We'll be posting a tutorial soon.
They can help you find trend reversals. If the candles pass a Bollinger band and the RSI is above 70 or below 30, that could be the marker. Super simplified.
It could be bullish or bearish and we wont know for another several hours. At CloudConnect, we feel in our hearts it's bullish, but be prepared!
And here is a zoom out on the past 4 or so months with our interpretation of the Elliott Waves:
