The depicted head-and-should pattern provides an opportunity for (temporarily) reversing the trend of $BTC , adding the prospect of a bull market! Of course nothing is unconditional and a 9400 head (at least) would be required. We closely watch the fib retracement levels for a reasonable outcome.. stay tuned!
Comment:
My apologies, while important, the 9400 level might be referred to as the "nuchal fold" ? Who knows ;) This will become apparent around noon UTC time, so we can set our targets. Given the still pressing risks, there might be an opportunity to short at this level if it comes out "short"
Comment:
The path after the dip was forming in a symmetrical fashion (within the square), but does seem to break from symmetry (arrow). A head-and-shoulder pattern can be seen , but does not reach the target and seems slope down, potentially giving birth to a new wave. Might there be an opportunity to short at 3? Who will tell, I am a medical doctor, not a TA specialist! Just my 50 cents.