Intraday patterns

Greetings everybody,

As we've said, "Buy deeps " tactic is a best choice when market has the momentum like BTC. Currently price stands with daily Dinapoli B&B "Buy" trade and its minimum target stands around 37.45K area. But after that we could few scenarios. I've tried to show them on single chart, hopefully it is not too confusing. At first step we could keep an eye on downside action from 5/8 resistance area and watch for reverse H&S pattern. Market has strong bullish momentum, many people missed the rally and they just dreaming to step in. So they hungry watching for any, even minor pullback as opportunity to Buy. This makes us think that after first downside reaction on intraday charts, another swing up might be formed.

As a result, first, we're watching for bounce down from 5/8 Fib level and forming of H&S pattern, then, possible 2nd upside swing and appearing of "222" Sell pattern. No H&S pattern and straight downside action could be the sign of major retracement in a row with our monthly "Volatility breakout scenario", when BTC could reach 20-25K levels again, before major extension starts