Hello Lads and Ladies,
I have called the inverted HnS as one of the first, I also want to share this yet ambitious idea of a normal HnS for BTC.
There are actually two scenarios that might happen here. The first one is a more tilted HnS which would not look very nice. This one might have a bounce on the daily towards 7.2k and after that go for a re-test of the ascending support, if that one breaks then we might expect a really big cliff dive.
The second one, which as well looks nicer by the text book, would be now a further dive over the next few days towards the 6.2-6.1k line. Then a bounce to 6.8k a rejection there and then a big cliff dive towards 5.8k or even lower 5k regions. The trigger for this second option would be a close of the next daily candle below 6.6k
At this moment everything is possible, so trade carefully and don't forget to take profits!!
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Cheers, Tomas