The reason why i am not trading this is because BTC has shown some Higher Highs (HH) and some Higher Lows (HL) and so far it ended with a Lower High (LH). Could it still build up a HH? Yes, but there is also a big chance that this LH that has been formed will start a downtrend, Even though i drew an upcoming 5th .
The good thing about BTC now is that on the DAY-frame it shows it's above all the MA's (20,50,100,200) and on the 4H frame it shows it's still bouncing around the 20MA. Bitcoin has shown it in previous price action that it wants to test out the previous highs of 10k and 11.7k. The on 1H-4H frame shows there is space to the upside and the is actually kind of Neutral. W'll have to see what happens!
My end prediction on what i think Bitcoin is goin to do, is that it will blow my mind again with some weird manipulative move and i'll be thanking myself later on and saying "glad i didn't trade that". I make profits, i don't care if i miss opportunities and i don't trade fomo!