Now is not too bad of a trade shorting BCASH. Look for a bounce from the TD sequential to up to 0.1. If it hits this, it would hit resistance at the setup trendline. A bounce to 0.1 would be aligned with a bitcoin short squeeze up to $6800-7000 if it ever happens.
Head and shoulders on daily completed with short squeeze to $6800.
Short squeeze is definitely possible as shorts are near all time highs and are in need of a pullback.
Once head and shoulders completes, im expecting a dump to low $5000s level.
Going to drop to phase 2 hyperwave line at $5200, then maybe we have a little bounce to the $6000 level. We may have many bounces off the phase 2 line but I believe we eventually break it and go to $1300 by mid next year.