BTC - Bull Channel breakdown - EW:B - H&S

Potential Head & Shoulders with shoulder forming below the previous bull channel. Shoulder would be on EW count B and indicate a bearish reversal into C.

I expect a bullish test of 3K before strong growth, closing the Bear Trap.

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Bearish Hammer Daily Candle closing below local Gann level and Ichimoku Tenkan Sen (red circle)

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I am more confident that we will test 3K (Target), than I am that we won't go higher from here (Stop Loss)

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This chart shows the previous two impulse waves (EW 1 and 3) as yellow and blue bar patterns. These suggest that 4000 was the height of the movement, as it is similar to the highest price of the previous two impulse waves.

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tradingview.com/chart/JYhLb3Ir/

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OrigamiOracle

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