So far moving quite well as the blue line suggested, it was just a bit more bullish than anticipated. It's already above yesterday's high. Now it is important that the levels are being held. Staying above 32.5ish with a max of 32. That big bear H&S where i see many looking at is there, but the right shoulder is getting very big now, but more importantly, it's sloping upwards, increasing the chances that it will fail. But anything below 34/35 remains bearish of course, really needs to break above those levels WITH high volume. If that happens, it could be we will be starting a new rally again. As i mentioned in my Bitcoin' analysis yesterday, i would keep an eye on Litecoin', because it is a good indicator for the direction of this market.
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