now we can see BUTTERFLY pattern but we should wait for another signals.if price can break 7740$ can go up around 8100$ then come back min 38% of our wave but if it couldn't break the decrease to 7250$.
Now we have 2 scenarios .
first of all H&S if pull back and break 2015 you could get short position.
another one if price raises and break 7190 you could get long and have TP 7350-7370 after that expect our shark pattern will complete and get sell position
Now we have a good chance to have short to 2.95-2.77.first wave is completed and now we have ABC wave.If check it with fibo we should have 61.8% of A wave and expected A=C .everythings shows we can have short with tight SL at 3.30.
We have different sign to predict the next move of BTC
first of all we can see the elliott wave and it shows the 5th wave completed you can check with Fibo.The other one,in 4h chart we have overbought in RSI,Stochastic,Williams R% in addition the volume decreased.
If couldnt break this level short is possible with tough SL.
Rsi and Stochastic in 4h chart and 1h are near over bought place.In addition we have candle formations to show us maybe SHORT is a good but youu should patient .expectin here is good place for short with TIGHT SL.