BTC. Some correction incoming?

Jan 16, 2023

Based on their previous analysis, after the double bottom has fully worked out, we can expect to work out the inverted H&S. But there is a strong order block above us, so it is quite logical to expect some grab of liquidity from a bull trap. Therefore , for this setup , it can be painful to use large leverage since the stop is wide enough . The main target of this setup will be a retest of the confluence point of the horizontal and inclined levels and a possible retest of D1 55 ema.

DYOR and trade safely