BTC - HEADING INTO THE WEEKEND

I am NEUTRAL right now with the weekend coming and no confirmation either way, however, a couple patters I think could start forming are Head & Shoulders and Inverse Head & Shoulders patterns potentially for TRADE SETUPS EARLY to MID WEEK NEXT WEEK!

BTC is about to print a new daily candle here soon. With the weekend coming up I expect mostly sideways price action within a small range. There's two possible scenarios I see here...

1- BTC TRADES SIDEWAYS ABOVE 43K
2- BTC TRADES SIDEWAYS UNDER THE 43K AREA

IF THINGS DON'T GO SIDEWAYS ON THE WEEKENS, CREATING A CME GAP, WE'LL EVALUATE THAT IF NEEDED WITH UPDATES!

As of right now, THERE IS NO CONFIRMATION EITHER WAY and I am position-neutral. If I DECIDE A TRADE LOOKS GOOD, I WILL PUBLISH UPDATES!

ALSO DEFINITELY WORTH MENTIONING IS THAT THERE ARE SOME ALT-COINS WHICH SOUULD DO WELL IF BTC TRADES SIDEWAYS so stay tuned for MORE IDEAS LATER ON TODAY OR TOMORROW!

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(Disclaimer: This is an IDEA based off of my experience and you should always do your own risk assessment before entering any trades)

Comment:

If BTC can stay above the 42,500 level id say it looks good on the 15min and 4 hour charts for a bit more upside here. It's possible we head back up to 44k-45k pretty quickly here which is a 5% gain from current levels!

If not, I don't think it will drop much from here, maybe 41K - 41.5K
Still no confirmation for higher timeframes!

Comment:

42,200 is more appropriate, not 42,500... Still looks good to head upwards from here on smaller timeframes!