BTC/USD by @SupernovaElite

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.

Commento:

Commento:

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

Commento:

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

Commento:

Now scenario looks like we have chances to form right shoulder

Commento:

Now looks like H&S pattern will be realise.

Trade chiuso: obiettivo raggiunto:

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