The moment of truth

Morning everybody,

So, it seems our yesterday suggestion was correct and BTC perfectly (almost) completes as 1H H&S pattern as 4H AB=CD. Also you could recognize minor butterfly "Sell" on CD leg of this pattern.

I said "almost" because target stands slightly higher, around 13.1K area. But this is minor detail...

What is really important - what will happen next. We have two possible patterns, as we've said already. Either it will be upside butterfly to major 15-15.3K target, or larger daily downside AB=CD (as it is shown on the picture).
And what pattern it will be depends on current point.

Thus, today, we're watching for reaction on 13.12K target. This is moment of decision for bears, as it is most comfortable point for taking short position. Also price is flirting with MACDP inidicator line. If bearish grabber will be formed
it adds more confidence with downside action.

Conversely, moving above 13.12, coming closer to previous top tells that market will show upside breakout and upward action continues.