After the recent bitcoin crash,I believe that bitcoin has the chance of starting a new uptrend. We have found support and have been making higher highs. However, this won't be confirmed until our bearish OB at 233-236.5 gets taken out. If broken, it will pave the pad for a new uptrend to begin.
Edit: the vertical green arrows are to indicate next areas of resistance. I am not saying that we will go up vertically.
current outlook on the situation, last move above 236.3 got rejected and thus we seeked support, now we seem to be making another run for the bearish OB.
philipvdlinde
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I'd like to note that the displayed downmove doesn't neccesarily have to happen. The downmove is completely optional.