BTC Potential Inverse Head & Shoulder with target @ 17,000usd

BTC still have one more leg up before we can see potential fall.

Expecting the last leg to terminate around 9900usd, then retracement will set in.

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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.

Trade closed: stop reached:

#Possible expectation

Note Black dotted lines are the potential supports lines.

Supports to watch for are:
7435
7320
6796
6635
6345

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Sorry guys wrong update this trade remain active

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Major level to watch for immediate reversal as price re-testing major suppor level(TRENDLINE)

7300
7216

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Good news everywhere guys

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We bounced off the trendline.

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Updated post opened to follow the current market effect.

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Bottom of wave 4 seems to be established around 6885$. But there is every possibility of re-test of this level again. So we highlighted 6770 to 6885 to be our bottom for wave 4.
Next target for wave 5 is 9900 level.

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BTC forming bear flag which expected to breakup. Here is how it look.

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Finally, BTC was hit with bombshell of ETF decision date been shifted and the whole market go crazy, which broke down 6850 with full force and broke the last standing 6800 level.

Now we have a new scenario in play as next support level lies between 6300-6100.

We may have possible re-test on the previous level at 6800 before further drop.

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Hi guys

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