Ill Fate :)

Morning guys,

This is just Ill Fate - just we've said yesterday that BTC doesn't show any signs of thrust, forming choppy price action that more typical for retracement - and here we go. As report has been posted we're coming up...
Recent jump could have fargoing consequenses. First is - it keeps our bullish scenario on daily, as price holds above 9K lows - the border between light and dark side of the Force.

Second - we see strange price action on daily chart - market erased "222" pattern but was not able to complete butterfly, re-test 9K lows. It turns up in semi-position, which is very special behavior. I hope that something stands beyond it.

Now, let's get closer to particular patterns. First is - no shorts by far, this is obvious. Market has hit K-resistance area on 4H chart (combination of 3/8 and 5/8 Fib level), erasing formed drop. Also price stands above both trendlines
of former triangle that was broken earlier. This let's us consider potential reverse H&S pattern and action at least to 11-11.1K area...

Thus, new plan suggests downside retracement, where right arm should be formed - somewhere around 9.8-10K area and then potential upside continuation (if BTC will not fail there).

P.S. on 1H chart we DiNapoli DRPO "Sell" pattern, which could trigger the retracement...