BTC: Possible Inverse H&S

BTC might be forming an inverse H&S pattern on the 4HR chart, depending on how this right shoulder plays out. If it manages to go sideways and break through the neckline, then this pattern is confirmed. If the right shoulder falls lower, then I expect $51K - $54K to be the next zone.

This is not financial advice. These are just my ideas and opinions.

Kommentera:

BTC might double bottom here, otherwise we fall to the low $50K area.