I hate to do this, last one of these I did eventually came to fruition much to my chagrin. However, the chart doesn't lie. I don't want this to happen but it appears an even bigger BTC crash is a risk here. Obvious pivot level to confirm lower is 30k.
My suggestion on how to play this is to wait for 42K for higher and 30k for lower. Otherwise it is a range until about 6/9. If the break out hasn't happened by next week the whole pattern is invalid, imo. It would be wise to raise some cash now in anticipation of a breakup or break down. Have target or limit orders set upon a 4hr confirmation break to the downside.
Live long and prosper nerds
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Ugh, playing out exactly as it should. Means BTC 3k is possible now