BTC, still in bearish channel

Hello Friends, Traders and Interested,

very quick update to my past TA s. We are still into a very symetrical uptrend channel and are about to reach a new decision point within the next hours. Just see the chart.

We are actually near the top of this channel. If we cant break through, we will see a uptrend walk. And this uptrend target will go down under the neckline of the big H & S (Magic Poop called us Amateurs believing in this pattern, puhhhhhhhh).

But more, the target of this uptrend channel will be the possible restest area of this big H & S. In my opinion would this mean a confirmation of this H & S.

I might be wrong, but I still see this big H B S with the double bottom at 11.750. Target still around first 6K , but possible 3.5 K.

Okay, as always no trading advice, just educational.

Trade on your own risk an6d trade safe.

yours Sascha

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