BTC is forming a HS pattern at the moment and I expect to see a relief down from current to our previously formed high (green zone). Price has broken through 2 structure levels (blue) & this should signal a retest of the decision point is coming up soon. (NOTE : I said 'should' not 'will'). The green zone contains the 0.5 fib + standard point to take targets on the HS pattern + has a healthy amount of support so it is a good area to look for longs to the decision point - as long as we get an entry reason like a double bottom or another HS pattern or simple candlestick reversal pattern.
In the interest of longer term outlook, If this scenario does indeed play out, it is possible that a larger HS pattern may form in the coming few months.
In the interest of longer term outlook, If this scenario does indeed play out, it is possible that a larger HS pattern may form in the coming few months.
註釋
so far so goodhad to redraw entire chart as it was lost for some reason, so it may look diff
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