Healthy Move During The Neutral Trend Usually Lead To Bullish Trend.

It is so easy for every one to get a course between 3 weeks and 3 months to can read a chart to see that we have a lower highs and a lower lows and based on what he see the trend is down, the problem is we do not saw what he see! We saw the trend is neutral ( with possible up move ) as long as the price move between 6.49K and 7.66K.

I agree with everyone the price from here can go up or down but as trader we need a direction, because we can not lose our time just reading a charts, because after a clear break of 6.49K or 7.66K will be so late to get action.

Here is why I did believe the up move on 12 April is more likely?

Days of consolidation usually are considered healthy during the neutral trend so most likely will move to the upside due to:

Fundamental conditions

• Australia's moves to regulate crypto providers, the move is part of Australia’s reforms to strengthen its "Anti-Money Laundering / AML / and Counter Terrorism Financing / CTF / acts"
• Uncertainty and panic regarding possible attack in Syria could indeed push Bitcoin up.
• April 17, the last day when USA tax period finishes.

Technical conditions

• 1D Channel Down looks more like a bullish reversal since March 30 / We BGT The Low / , especially as long as the price swing is above 6.49K.
• Overall, 6.490K area is still where the major support lies, besides lies 5.947k which is the low of 2018 from February 6. As for the technicals, the current bearish move could be limited by the 6.490K support.

The reason why I did believe the price will Break up (lower change) the triangle at around 7K and this could lead to a bullish move to next resistance area at 7.66K, and afterwards the important resistance level at 7.88K where MA-200 lies.
And this exactly what happened today.

Thanks as always for hard work and great support..