Updated

BTC/USD by @SupernovaElite

We have 2 options for further movement:
1, Main - BTC consolidating near channel support
after breakout will continue falling.
2 - price forming right shoulder of reversal pattern.

Note

Note

Now price is in zone of potential forming of right shoulder. If breakout then 5800 zone

Note

If the length of previous falling imulse = new impulse then 5850 trgt

Note

Now scenario looks like we have chances to form right shoulder

Note

Now looks like H&S pattern will be realise.

Trade closed: target reached

Now price consolidating near resistance of channel, so waiting for breakout and continue rising

Supernova_elite

Telegram channel: t.me/SupernovaElite

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Supernova_elite

Telegram channel: t.me/SupernovaElite

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