Another way of looking at it, Inverse head and shoulders upwards

Another way of looking at it, Inverse head and shoulders upwards

Comment:

The more i look at this graph . The more it looks like we will go past 8k . Why ? because even a small MACD cross on the 12 hour is a 2k drop.

So we could be looking at a BTC drop past 8k. I could also be 'fudding' but that 12hour MACD cross usually results in a fall spread out over several days.

Comment:

BTC should start climbing in the next hour or so for about 8 hours .

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But the 12 hour and 4 hour candles will drop one more candle in 150 mins time which can be challenging . We need to see BTC over 10430 for confirmation of movement up

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n,BTC needs to get past that resistance at 10407 - seems to be having problems at this spot

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one more dump in 50 mins then 8 hours of upwards movement

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this next dump in 50 should be the last big dump for a while

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more Possibilities
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last dump for a while in progress

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dump out of the way hopefully for the next 8 hours and BTC can now try for 106xx

Comment:

Any Bull traps would be set at 106xx - but the road to 106xx looks clear currently.