฿ Bitcoin BTC/USD Daily Video, January 22, 2024

[Sive Morten]

Good morning,

BTC accurately keeps the shape of H&S pattern on 4H chart. Now some hints on bullish patterns start to appear on 1H chart, so, maybe market will start forming the righ arm with bounce up to 44.25K area.

 

[Brett Reynolds]

Still short from last thursday. Revenge trade from the first False Flag' SEC Hack. $41500 target $37700.

 

[Sive Morten]

Still short from last thursday. Revenge trade from the first False Flag' SEC Hack. $41500 target $37700.

Yep I've checked today in the morning - our H&S has not been formed, now it seems that the last chance for upside bounce is 3-Drive "buy". Otherwise, if pullback will not even start - BTC could show strong downside acceleration. Because it means that large 4H H&S also will not be formed...