BTC SCENARIO UPDATE (22) 5500$ V.S 12300$

Traders,

Here we have BTCUSD D chart.

Currently we have a critical situation I will try to explain every pattern we have in this chart in a few points:

1- Descending Triangle

By breaking this freaky triangle BTC have no choice except to obey the pattern and goes to 5500$ levels where the 78% fib level, but we will have a little bit resist at golden one 68% level

2- Bullish H&S

By completing this pattern we will have 12k levels again forming double top pattern which still bearish for BTC

3-Bull Trap
This scenario when we will see breaking of this triangle with only wick for a day or to then will going bearish completely again

4-Like if you appreciate this idea and kindly check related 21 updates.

Regards,
Mohsen

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