BTC - Failed move fast move?

It seems like BTC was showing a failed move down, it came back above the 18 MA of lows, and so far stays above it. It has tested the band once to the down side and successfully pushed back up from the band.

The chart looks like a triangle formation with more momentum building up to be resolved either to the up- or downside. The action is moving in a neutral sideways channel, so both directions seem to be possible.

With failed moves, there is usually a fast move into the oppsosite direction, meaning that the price could move further up into the direction of the 18 MA of highs, and eventually hit the upper line of the triangle. It remains to be seen :)