$BTC is on support on weekly time frame. What next? #UptrendOpportunity or continue #downtrend ? So here are 2 scenarios in my analysis. 
In chart M pattern can be seen clearly on weekly chart now for uptrend market should use support and fail M pattern and for down trend m pattern should work and market should fail. But I don't think that any thing will happen at this time. Let's suppose if M pattern works there will be a brutal downfall till 32k and to fail M buyers need huge funding. But I don't think that both scenarios are possible at the moment. So what I am thinking is there is a high probability that market will form a head & shoulder pattern left shoulder and head is already formed and forming right shoulder will create liquidity both side and then market can choose it's direction.
$BTC is on weekly support So if a bullish price action form then take a long end exit at shoulder don't expect new all time high immediately.