Potential head and shoulders break down for $BTC $30,200 Target
Looking for a signal below $6,600 resistance to short
Looking for breakthrough to $12K or trend reversal back down to $8.5K on the 4hourly chart
The upper highs the bottom of the daily descending channel have me thinking we could see a change in momentum to the upside on the 4 hourly charts. Let's see how this next move plays out.
Expecting to go up to ~$8k before beginning to pulling back down toward next support at ~$9.1K.
Expecting a bounce on the 38% Fib line at $9.4k where price could be pushed back up to $11k to the upper levels of the daily descending channel.
Inverse H&S ready to complete with $11K target.