#BITCOIN - Formed a Strong Reversal Movement!

Two bullish signs at once: return inside the channel $6990 - $7400 and formation of inverse H&S pattern. Expect to see strong buys from $6990 level. There are two options for market maker:

1. The growth was used to gain the SHORT position, the H&S pattern is going to be broken and the price will move straight downward in order to update local low levels.
2. Volumes are quite low, so it was also impossible for MM to gain another SHORT position for a such short period of time, so it would be more profitable for pattern (H&S) to work out. More likely, according to volumes and cluster we can say that MM turned to LONG.

The price has formed a strong reversal movement with targets above $7900 - $8000, this will happen if $7400 level is broken. All in all, will watch how the price acts near the strong levels and keep you updated.