For 4h time frame I expect 2 possible scenarios. Since in 1h chart the inverted H&S is triggered, the 200 and 128 MA golden cross is happening at right shoulder and also with the bullish news coming out recently specially the ETF news I think the most expected scenario is inverted H&S . However there is another possibility which is forming a triangle pattern ...
In 15m time frame it sounds like BTC is forming a rounded top exactly at the bottom of resistance area (red box) and as you can see in chart recently the price has been increasing while the RSI has been declining ( divergence ) which is another signal for reversal . In my previous idea I also discussed a possible reversal in 4h time frame based on ichimoku indicator.
The BTC price has broken above the Ichimoku cloud and at this point I expect it to come back and retest one of three levels I have shown on chart. The level that provide support will determine what will happen next. If the price bounce from levels 1 or 2 with a high probability the inverted H&S pattern will be triggered and we will see a bull trend....
The technical analysis show 2 possible scenarios and I think the price is going to drop to the area around 6k since most of the Head and Shoulder patterns were unsuccessful recently I think this one will be as well. I should mention that some times for rising wedge price breaks up and then drop but most of the times it directly dive down.
