Long

BTCUSD 2ND INVERSE HEAD AND SHOULDERS

Updated

4H chart

We have a second inverse H&S in formation with a target of ~15k.

Note

Correction: On 4H chart, the target for inverse H&S is around 18k.

snapshot

Next resistance :

- Around 11.5k (top of the downtrend channel)
- Around 12.7k (Old big support)

Next support :

Around 10k (SMA200 in yellow)
Around 8.7k (old neckline from 1st inverse H&S)

***Do not trade with my TA, It's not a recommendation to buy or sell.***

Note

Elliott waves :

snapshot

After correction wave C, we can expect a new impulse cycle.

Trade active

Time to buy

Note

Update :

snapshot

Related publications

BTCUSD Inverse Head and Shoulders

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