You can see from the chart that there has recently been a double top on the pair after some considerable movement. The 240H RSI has been overbought which supports the analysis. I am now waiting to see whether the left shoulder remains lower than the right which will increase my focus on this potential trade
We have seen some bullish movement from BTCUSD recently. The 3rd wave is easily subdivided into 5 minor waves, which makes me believe that the current equalizing pattern is a 4th wave. These are very often triangles which break out nicely. I would expect to achieve a target price of 4488 which aligns perfectly with previous resistance
On the 4 hour there is a potential double top. I am expecting an entry at the 0.618, this will be followed (hopefully) by target 1 coming at the return of that move.
However on the macro daily pattern there is a rising wedge; so I am hoping that target 2 will drop to the bottom of this wedge or maybe 50%