Description
⋅ Bitcoin is completing the H&S -It appears that low volume kept the right shoulder at the lowest allowable height -
The bottom of the right shoulder should be close to $6000 around Aug 24 and we should see a retest of $5800 by Aug 29.
If we retest $5800 in a completed H&S, I expect a bounce to $6200 the first week of September.
Bitcoin needs volume for the price to rise. The lower the volume, the lower the manipulated bottom can be.