I think we will see price coil up inside the white wedge I've drawn. Time will tell whether we break up or down but it could be a while inside the wedge. The cloud is red so downside could be more probable as the top of the clould will serve as resistance.
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After posting my last idea i took a look at the weekly and BTC is showing to be in the white wedge still but with a green cloud below us instead of red on the daily. The cloud rises substantially around May 28. If we can stay above it then I think we could see it go as high as 13.6k before meeting major resistance again. The cloud gets awfully thin around September. Perhaps we see bullish action for a few months before truly pulling back to form a higher low on the downside? Perhaps 6800-7000 when it does dump?
