BTC Further Trend
I've checked several BTC timeframes and here what we have.
BTC H1 TF
I suppose that BTC is forming bearish flag or pennant now on H1 TF. And in this case I expect further dropdown to around 10400$-10300$.
But also because of 2 strong levels at current BTC price position I've drew alternate path. The strongest levels ar EMA200 at 10990$ and lower border of Ich at 10900$.
![photo btc.jpg]
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BTC H1 TF another look
Also BTC can be reflected from local uptrend channel (yellow line). Its unlikely but we have to kep in mind such point also.
BTC H12 TF (Reversed H&S)
On H12 TF BTC stuck inside of of the Ichi cloud. Below still have strong support level by EMA200 at 10570 and KIJUN line at 9810$.
And the most important thing is BTC formed reversed H&S pattern. If you remember couple weeks ago I've posted already about possibility of fromingreversed H&S, so now it has formed. So H&S could give good rise impulse and in case if it work I expect reaching the price level at 12000$ by BTC and 5th wave of Elliott impulse will be finished. Then ABC correction wave.
But if BTC falls lower than 10000$ the reversed H&S pattern will be broken and price can go down lower because of double top
