First - watching for 62K, then 67K

6 Mei

Morning folks,

So, everything goes with the plan, although the upside bounce that we've discussed is stronger than we thought. It means that bearish long-term patterns are still valid, say on monthly chart,
we do not consider short entry right now.

Vice versa, there are a few bullish patterns might be formed intraday. First is reverse H&S with 67K neckline, second is, the same on 1H chart.

Thus, if we get lucky and the pullback to ~ 62K area prior BTC hits 67K , we could consider long entry.

Otherwise, wait when BTC hits 67K neckline and wait when the right arm will be formed, as usual.