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BTC Inverted H&S formation after recent shortfall?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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Today's BTC selloff was intense. We broke beyond the year-long support line and had no real bottom action. Buy volume has been unimpressive for such a dramatic drop in price. We finally may have some capitulation for a short time. It appears to me that an inverted Head and shoulder pattern could be forming which could bring price back substantially (and possibly break out of this most recent move). Whatever you decide to do, take great caution as we have no real substantial support level at the moment. Let me know what y'all think about this.

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