Here is the plan
- We have been keeping watch of the potential Inverse H&S which would complete the right shoulder around 6800
- At the completion of that shoulder we will be right around the downtrend line anchored to 20k and 9.9k , This would mark a crucial zone for BTC
- A break above that resistance would make way for the completion of the H&S which reaches a target at roughly 7800
- Next as an elliott wave we count this move as wave 3 with a target at the 1.618 of wave 1 which reaches the same zone as the H&S Target
- Lastly The 7800 area is also a heavy supply zone and can be seen as a high volume node on the VPVR
~Gemini
- We have been keeping watch of the potential Inverse H&S which would complete the right shoulder around 6800
- At the completion of that shoulder we will be right around the downtrend line anchored to 20k and 9.9k , This would mark a crucial zone for BTC
- A break above that resistance would make way for the completion of the H&S which reaches a target at roughly 7800
- Next as an elliott wave we count this move as wave 3 with a target at the 1.618 of wave 1 which reaches the same zone as the H&S Target
- Lastly The 7800 area is also a heavy supply zone and can be seen as a high volume node on the VPVR
~Gemini