We have two strong candles that rejected the support 33k-34k and moved the price action above the 40k USD again. Currently at 44k USD we have a resistance level.
The normal scenario is: after a W pattern we retest the middle of the pattern (40k USD) and expect further continuation to the upside. The major resistance now is 61.8% around 52k USD. I see a possibility of creating a big inverse HS from there.
The normal scenario is: after a W pattern we retest the middle of the pattern (40k USD) and expect further continuation to the upside. The major resistance now is 61.8% around 52k USD. I see a possibility of creating a big inverse HS from there.