Trading_Cipher

BTC Daily forming inverse head and shoulder?

KRAKEN:BTCUSD   Bitcoin
I can see the inverse head and shoulder forming on daily BTC chart. I stand to be corrected but this is what it is, the neck like is at ~6800 area, but mind you there is good resistance at ~6400. Given we are not seeing any volume this just looks like a retest of previous support which pushed BTC to ~6800 area earlier this month.

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