BTCUSDT
Hey Everyone. We can see btc price is moving in asceding channel recently price bounce from its trend line support of 46700$ and come back to resistance level of 49220$ try to break this area but rejecting from reistance and price drop to 61% fib level of 47800$ and bounce again to resistance now here we can see price is forming Inverse head and shoulder pattern if price break the neck line for H & S and also its like double top so we wait for retest and than next target is 50300$ 23 AUG high and if break this resistance than our next target is 51200$ and 54000$. Wait for break of neckline than you can again buy btc and altcoins. 2nd sanerio is if price rejected again from resitance of double top also H & S Neckline than we see a drop in btcusdt if btc rejection from resitance you can exit from altcoin and short btcusdt. Sl above double top and target is 47400$ and trendline support if break trend line than hold you short postion and achieve the next support target 46600$ and 44k$.
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