Aiming on target this time?

Morning everybody,

So, it seems that we were correct, suggesting BTC preparation for upside action, as downside tendency had no common type of action with reversal. Currently we need to keep an eye on two things. First is, and the most important - market has to stay above broken flag pattern from our previous update. Back drop will be the sign of weakness, suggesting downside continuation. Second - we have the target range, starting from weekly 21070 till ~20.30K area of recent AB=CD pattern. This is probable because of 20K top breakout when more traders could step-in and some stops could be triggered.

Thus, if you haven't taken long position inside the flag, you could consider some retracement from most recent swing up. For instance, it might be reverse H&S, (although I"m not sure) that you could use for position taking.

Ultimate scenario that relates to D. Trump activity and his success also suggests significant rally well in excess of observed targets. It could happen, for example, if he launch Emergency regime in the US within 1-2 weeks.