BTC - temp bottom set in

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Divergences are showing up nicely, weekend bearish momentum should end soon and perhaps we should retrace to at least second fib level along the resistance.

From there - either bearish continuation to 40k or further move up.

The idea is to trap the retail so perhaps a quick wick during the next hours going down but then moving up only to move further down after trapping more longs.

Take care, its messy.

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Retest of the taken out high - > if successful -> further growth to next level. Still trade with caution, not out of the woods yet, may reverse down once it starts hitting previous resistance levels / MAs on higher TM.

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Gotta clear this level for further upside otherwise may reverse from here:

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Shieeeet, I just love it how whenever btc starts moving in a direction - 90% of the charts follow that direction.

Since now almost every other chart is long - I would probably prefer to take some profit of this leg up if it doesn't clear the 0.50 fib in the next few candles.

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RETEST SHOULD HOLD otherwise going down:

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Perhaps a retrace from here as divergences are appearing on lower tm:



Should rest on fib 0.50 for a while that will show the direction afterwards as there is resistance above currently:

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Potential retrace from here:

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More party or going down?

Time to see