A bit more sideways action as price now looks to retest long-term support (solid black).

Based off yesterday’s post it would seem that we’re slowly transitioning from scenario 2 -> 3.

Since the previous H4 candle closed outside of pattern there’s a good chance we could continue momentum below 3k where the solid blue line would be next ‘critical’ support.

If 3k does manage to hold we could still double-bottom using the magenta line as neckline. I don’t believe this is as likely but weekly divergence is still a factor at play.

Future PA will largely depend on D1 close imo. Look to maintain near long-term trendline in order to further attempt this bullish reversal.

*** link to related post is for 4/13, I’m not sure why I used 4/12 as yesterday’s post title