BTCUSDT ! A local downward channel. What to expect from BTC?😈

BTCUSDT is quite confidently trading in a strong upward channel, but against the background of the global chart (senior timeframe), I consider this movement in the channel as a correction, what will happen next, only time will tell.

On the chart I marked two channels, a global one, in which the price reached the resistance zone and formed a reversal pattern "head and shoulders" and a local descending channel, in which the price returned within the range of 23362-18742. Consolidation is forming and the price is trading in the short zone.

I assume that within the local channel and the local downtrend the price can reach the ascending support line at the crossing point 21650-22000. In the medium term my target is the support level formed from June 15, 2022 - 20185

Regards R. Linda!

Trade ist aktiv:

I love my haters))) So hard to say that I am wrong, at the same time what happens is that the price of bitcoin dilutes the haters too :D and they are at a loss.

On the chart we see that the price returns to the range and the very essence of the idea is still valid.
The price has not updated the peak formed by the head in the H&S set-up