If price goes down but finds support higher than 54k, this formation is imminent. A sure way to exit the 50-60k zone.
The 4h 50MA is currently around 56k, which makes it a perfect support level for this kind of action.
The 4h 50MA is currently around 56k, which makes it a perfect support level for this kind of action.
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It's happening. Now.
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Still an inverted H&S. A bit different, but still... Wait and see if it plays out, or we are having some other kind of situation here.
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Completed. It took a different shape and more time but finally happened.