mycotoxin

BTC - Possible head and shoulders on the 30 min down to 10266

mycotoxin Updated   
BITSTAMP:BTCUSD   Bitcoin
BTC - Possible head and shoulders down to 10266-
However if BTC can close above 10600 it can move to 10900
Comment:
Flipped the other way on the hourly candle this becomes a head and shoulders to 10900. So BTC has to close above 10600 at the minimum if its heading to 10900 .
 
Comment:
A bullish divergence is being formed on the 1 hour , Hence if BTC is able to close above 10600 and head to 10900 this can signal a brief relief pump upward to 11500 before moving back lower to the 9K zone

 
Comment:
However if BTC drops below 10175 its most likely going to move to the 9800/ 9700 area
Comment:
I'm still expecting a bounce at the 10600 to 10300 area as these are strong FIB zones but if BTC closes below 10175 then this bounce idea is cancelled.

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