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Bitcoin / TetherUS
Short

Bitcoin in Potential SHS Pattern

By weslad
Updated
After breaking down of Rising wedge BTC moving in a structure that resemble SHS. Finger crossed let see how this develop. But if this pattern come to pass it will mean a lot to BTC bullish view.

Thank you for reading my market update.

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We are still on the first leg down for the corrective wave 4. We can tag the whole move from the recent top at 5423$ till the present low to be our wave A of corrective wave ABC of the 4th wave.

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look like we hit the top range of our sub wave iv.

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Spotted possible bearish pennant on 1hr timeframe, this should break down for our expected move.

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Wave projection in progress
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Chart PatternsTrend AnalysisWave Analysis
weslad
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