Technical analysis by Orriginal about Symbol BTC on 5/19/2025

Even though I have mentioned that we maybe in for some RED days this week, this chart shows how, ultimately, we are in a Bullish momentum still.The CUP pattern that we have printed ( adjusted since I last posted this) , Goes from ATH line back to the ATH line.We also see how there is this APEX that PA has fallen into that has its peak at the end of this month.PA always reacts before the APEXBut before this, we may range across or drop down onto the CUP. This has Strong support and could possibly propel PA above thaT ATH line.We do need to also understand, there is a 618 Fib circle at this intersection and that may not be easy to break through.But PA has often searched out intersections of resistance to break through and so I am looking to this as the way forward.The 2.618 Fib Ext on this chart may also offer support at around 98K if we loose support higher.The RSI is already dropping from OverBought and so will probably continue to do so till we reach Neutral / Over Sold again.https://www.tradingview.com/x/wizstQRy/And the Daily MACD, is also turning Bearish, But as mentioned before, this is possibly repeating what happened in Nv 2024https://www.tradingview.com/x/mqaXZCuT/See the Arrow on the left...The Histogram is the one to take note of. Two Green peaks and then a red DipWe have just begun the Red bit after the two Green peaks.The scale is larger here and so we may have to wait longer till we return out of the green.In 10 dayts, we will be near end of monthSo, for me, this week will be possibly Red but towards the end of the month, things will begin to move higher.All depends on PA following expected patterns and that does not always happenWe can only look, plan and react.