After failing to make higher high on high time frame, $BTC seems like to make 2nd H&S top.
few possible scenarios
1. BTC makes giant descending triangle with horizontal line at 30 K
2. BTC makes giant symmetrical triangle
Keep in mind that triangle is tricky and likely to have false breakout.
Today 22-Sep seems like a pullback for a H&S top at the time this is published (good time to exit if you hasn't and wait until the market give clear direction)
Moreover, keep in mind that we were looking to break out at 42.5 from rectangle during month May-July 21 and now we are back in that rectangle, it is a non favorable development and closer to bear market
few possible scenarios
1. BTC makes giant descending triangle with horizontal line at 30 K
2. BTC makes giant symmetrical triangle
Keep in mind that triangle is tricky and likely to have false breakout.
Today 22-Sep seems like a pullback for a H&S top at the time this is published (good time to exit if you hasn't and wait until the market give clear direction)
Moreover, keep in mind that we were looking to break out at 42.5 from rectangle during month May-July 21 and now we are back in that rectangle, it is a non favorable development and closer to bear market