Upside chances increases

Morning folks,
Last week we talked on two possible ways of major retracement - either in the shape of wide AB=CD pattern or extended H&S pattern.
And we said - keep an eye on price action inside triangle. If BTC will not break it down, or stops downside action by some reason - be careful. It could be early signal of possible upside continuation.
This has happened.

Although it doesn't totally cancel AB=CD pattern down, making it a bit wider, but it definitely tells that BTC has no intention to go down right now. Here you could recognize some shape of reverse H&S pattern.

It means that some upside leg should be formed, at least AB=CD, forming "222" Sell on daily. Ultimately BTC could continue upside action right to our major weekly target of 15.3K, forming butterfly "Sell" on daily chart.

Currently we see that situation is not attractive for taking short position.