BTC - Possible head and shoulders down to 10266- However if BTC can close above 10600 it can move to 10900
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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 . <deleted>
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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
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However if BTC drops below 10175 its most likely going to move to the 9800/ 9700 area
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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.