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@EliteElliott

Did BTC fail to find a Bottom?

Let's see what has happened since we called the formation of the Inverse H&S pattern:





Now, this could be seen as Bearish, however, there is still hope for BTC because the Weekly Candle managed to close above the 0.618 Fib level and for the time being, BTC is trying to find Support around the previous Resistance Zone. This Resistance Zone has to flip into Support because if we lose it, the probability for BTC to create yet another Lower Low will increase significantly.


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EliteElliott Team

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