The core is the same

Morning folks,

Although market has changed the shape of upward bounce slightly - it doesn't change the overall trading plan and still makes us to wait for deeper retracement. We believe that we should get chance to buy the coin around 42-43K area. Still, let's update our view on very short-term scenario.

As on altcoins, here, on BTC we see that market is forming H&S shape. this is just a goldmine of information. First is - scalp traders could consider short entry to 50K target, where the right arm's bottom should be formed. Next is attempt to buy around the same 50K area with potential 60K level. Then, potentially Sell around 60K with 42-43 target. But, what is primary for us - H&S as indicator. On daily chart we ignore all these stuff with intraday buying/selling and focus mostly on 42-43K area. Thus, the right arm's bottom will tell us - whether BTC shows bounce to 60K or start dropping immediately, if 50K lows fails.

As you could see - the major points of our plan is the same, but tactical issues, such as the shape of upward BC leg has changed slightly...