BTCUSD 2ND INVERSE HEAD AND SHOULDERS

4H chart

We have a second inverse H&S in formation with a target of ~15k.

Comment:

Correction: On 4H chart, the target for inverse H&S is around 18k.

Next resistance :

- Around 11.5k (top of the downtrend channel)
- Around 12.7k (Old big support)

Next support :

Around 10k (SMA200 in yellow)
Around 8.7k (old neckline from 1st inverse H&S)

***Do not trade with my TA, It's not a recommendation to buy or sell.***

Comment:

Elliott waves :

After correction wave C, we can expect a new impulse cycle.

Trade active:

Time to buy

Comment:

Update :