It did however break out of the big decending , which cannot be ignored. But the neckline weighs heavier, so it's a test for now. My followers know i have made a good ride from the 11700 to 10500, got back in again at 10800 and got out today at 9600/9700 waiting for this moment. We should drop towards the 8500/8700 now
And now; there are 2 options, the small bullish inverse H&S will be completed and we see another big move up towards the 1470. The brake of the neckline around 1300, would probably mean a break for BTC of the heavy resistance at 10400/10500. If BCH manages to make the H&S BTC will probably go to the 11K again.
If it inverse H&S fails, than BCH will be making a big H&S with the neckline around 1200/1175. If this happens it should be dropping towards the low of 800. This would mean BTC should go at least in the 7K area i think. We should get our answer very soon.