jackrabbitrage

Downtrend did resume, and what's next?

Short
BITMEX:XBT   Bitcoin / U.S. Dollar Index

The chart would be self-explanatory.
Here we are rebounding from FE 0.886.
I marked 1.000 and 1.114, respecting the H & S.
This article is tagged as "short," but beware of possible extensive upside moves. Better be cautious until the candle crosses down the arcs' crosspoint (at least in a lower timeframe).

By the way, this is an update for my most notorious chart.
While my previous analysis has astonishingly been trolled, the chart didn't take care of what they felt-
Like it or not, this is the fact.
Comment:
Lower TF (8H) for reference.