$BTC

Looking at what typically happens after a sweep of the previous low, we can determine logical targets for this move up.
What I did was select all previous times where the lowest point after a sweep was put in within the first 2.5 hours after the sweep.
Then I looked at where and when highs typically get put in for those events: 50% of similar events put in the weekly high at 61k.
If we look at the current high:
- 77% of pwLow sweeps (with a similar timed low) put in the high further above pwLow
- 86% of pwLow sweeps put in the highest point later
These statistics are for the 2 days after a pwLow sweep.
In other words: as long as the low holds, we can expect further upside over the next 1.5 days.