BTC Short - H&S pattern forming : Target $42k

SUMMARY: Short, expect pullback before continuation and may see the $42-44k EMAs act as support.


-- Technical --
Forming Lower Highs and fallen under the 50 EMA & MA.

See a 2nd wave pull back before continuation for the 3rd wave of the impulse, part of Elliot Wave theory.


On Chain metric shows BTC continues to be accumulation quickly.

İşlem kapandı: durdurma seviyesi:

Bottomed at $46k and pattern has been invalidated.