All eyes on HWave pattern

Morning guys,

This update needs to be combined with our previous chart of 1H H&S pattern.

BTC action is becoming tricky because of too slow action after completing bearish patterns. As a rule, once bearish pattern is formed - trend accelerates down. But here we have another story, and
situation on daily charts starts getting signs of bullish dynamic pressure.

It means that chances on completing greater AB=CD pattern here are not zero, so we could get greater "222" Sell on daily around 4085$ area as I draw here.

High wave pattern could help us a lot, especially because it becomes the top of the right arm of our H&S pattern on 1H chart that we've discussed recently.

High wave is very useful pattern because its top and bottom point the direction once market will break it. And now we need to keep an eye on it. Action above the top of the HW pattern
tells that 1H H&S probably fails and we're going to 4085 while drop below 3800 lows of HW confirms validity of bearish trend.

Thus, bulls should wait upside breakout, while bearish - opposite action before taking position. Those who have taken shorts based on our 1H H&S pattern, now could move stops to breakeven.