There are 3 H&S in BTC -6.96% atm, the mega H&S on the 4h chart (can't fit in this chart) then the 15 mins and another H&S within the right shoulder on 5 mins. When the 5 mins H&S broke down, it forms the 15 mins H&S and when that completes, that forms the 4h H&S sending BTC -6.96% all the way down into likely below 2k but that is questionable target atm. I don't know why that would happen although measurements for the H&S suggest that. For now, this 15 mins H&S would likely fall towards 6.5k on its way down, ending the 2 years long correction.
My guess is we will enter a bear market after this correction, sending us further down afterwards. We will see as it plays out. Per my wave counts BTC -6.96% is now finishing wave 4(up) within a C wave down which likely peaks at 13600 or lower. A break above 14000 is required for a temporary reversal to happen. Good luck and stay safe!
Recommendations:
Short Target: 13400 / 13600
Close Target 1: 10,000
Close Target 2: 6,500
Tip Jar for Pizza and Beer, maybe Sushi
BTC: 16VhzB59twANDvinuWzGJqdNWor9b9Uym2
LTC: LgegoiHGwN8UmoobmSn69nrDU3fvjTuudp
ETH: 0xA21844A23d6C18384101E67313C1260449F5cbf2
My guess is we will enter a bear market after this correction, sending us further down afterwards. We will see as it plays out. Per my wave counts BTC -6.96% is now finishing wave 4(up) within a C wave down which likely peaks at 13600 or lower. A break above 14000 is required for a temporary reversal to happen. Good luck and stay safe!
Recommendations:
Short Target: 13400 / 13600
Close Target 1: 10,000
Close Target 2: 6,500
Tip Jar for Pizza and Beer, maybe Sushi
BTC: 16VhzB59twANDvinuWzGJqdNWor9b9Uym2
LTC: LgegoiHGwN8UmoobmSn69nrDU3fvjTuudp
ETH: 0xA21844A23d6C18384101E67313C1260449F5cbf2
