Updated Head & Shoulders - BTC 15 min chartIt's looking more and more like the 15 minute chart is painting a head and shoulders pattern that will lead out the 3rd part of a correction wave.
Will it complete, or will it be a fake out?
Perhaps a short with a good sized stop loss down to the 28k zone could work well.
June2021
BTC Two possible paths for the day, same general areaTwo possible paths that BTC could take today see it landing in the same approximate position at the lower edge of the triangle.
The first path (light blue) see us dipping into the 36.8-36.7 range and then coming back up to test resistance at 37.4k.
The second path (darker blue) sees us traveling upwards for an early test of 37.4k, then back down and up before leading back towards the same general edge of the lower triangle.
BTC - Path ahead for tomorrowBTC is still playing with in the triangle and may be hanging out in the area for a few more days. Two possible path options are a visit back into the 37s with resistance levels from the 9th or breaking the lower barrier of the triangle and settling into the 35k area.
Inverted Moon For BTC - Next Stop $33.6k?We've broken out of the lower edge of this descending channel twice, in what looks like a downward Elliot impulse wave.