Just as commented in my idea from yesterday, BTC hit the $32,000 line and the 100-day on the 4-h and found support there. This resulted in more longs being opened that triggered the reversal.
Obviously, our next goal will be to re-take $37,000. Let's see if the previous diagonal support line will serve as support once we hit $35,700.
What worries me here are two things:
1. Possibility of a on the 4- h chart although the right shoulder is still in formation. BTC just hit the 50-day there and rejection there will be a confirmation of that pattern I'm afraid.
2. The current setup can also be interpreted as an pattern (sorry for the really bad drawing skills)
So, let's see, Yesterday I opened few positions in BTC at $32,400 and also in some alts - SNX ,XEM,ADA and LINK
Have a nice day