If the pattern confirms to be a H&S pattern, the right shoulder will be followed by Elliot Impulse waves. If the right shoulder is completed, I expect 17k$ to be the next target for bitcoin.
If the pattern doesn't turn out to be a H&S pattern, it's likely a lower low will occur (~3k$). I will make a new TA if it turns out to generate a new low.
If the pattern doesn't turn out to be a H&S pattern, it's likely a lower low will occur (~3k$). I will make a new TA if it turns out to generate a new low.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.