BTC/USD by @SupernovaElite for BITFINEX:BTCUSD by Supernova_elite — TradingView

Trend Analysis Chart Patterns BTC BTCUSD BTCUSDT Bitcoin (Cryptocurrency) SNE excavo

trendanalysis chartpattern btc btcusd btcusdt bitcoin sne excavo

We have 2 options for further movement:
1, Main - BTC consolidating near channel support
after breakout will continue falling.
2 - price forming right shoulder of reversal pattern.

Comment:

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Comment:

Now price is in zone of potential forming of right shoulder. If breakout then 5800 zone

Comment:

If the length of previous falling imulse = new impulse then 5850 trgt

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Comment:

Now scenario looks like we have chances to form right shoulder

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Comment:

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Now looks like H&S pattern will be realise.

Trade closed: target reached:

Now price consolidating near resistance of channel, so waiting for breakout and continue rising

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