Short Term ; Support : 11750 USD and 11500 USD || Resistance : 12000 USD and 12200 USD
Seems Diamond Pattern Reversal didnt play out so well as the price action get back above the trendline 1 and downtrend 2 again in rapid pace. Which is back into bullish area again.
BTCUSD currently more likely on the Symmetrical Triangle again as it's could break out in either way. I expect a sideway action within Symmetrical triangle pattern until it could decide which trend would win.
Indicators on 4 hour timeframe show a weakness on momentum. CCI is back above the 0 value though it's made a lower low on CCI. which is a questionable this bullish run up could sustain. CMF is still above the neutral zone and show a weakness since recent time. OBV is show a bearish momentum dominate for now.
Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion, any relation between my posts toward any of your trading decision would be on your own consequence. please feel free to share what your thought on comment section.
peace.