Head and Shoulders / Elliot Wave Looking to Re-test 6k Short
Bitcoin / US Dollar IndexBitMEX
Description
⋅ - We bounced off the long term down trend line at 12k (the head) showing that the bulls weren't quite ready yet
- Copleting the head and shoulders by EOD Saturday could mean we continue the elliot wave down to 8k support
- If we bounce there and then reach resistance at the shorter term trend line top (pink), we could re-test support as low as 6-6.5k again