Daily Head and Shoulders

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Head and shoulders on daily completed with short squeeze to $6800.
Short squeeze is definitely possible as shorts are near all time highs and are in need of a pullback.
Once head and shoulders completes, im expecting a dump to low $5000s level.
if it dips below 5700-5800 level, i don't see it stabilizing at all in the low 5000's. If it breaks it can bottom anywhere from $1000-$ 5000 range.
DawidChudzik Androtrade
@Androtrade, well I do a bit of hyperwave analysis and the phase 2 hyperwave is at 5200. The phase 2 hyperwave usually is a strong support and we bounce off it many times. Im expecting the same here.
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