Here you go folks, I suspect we will bounce in this newly created channel for a while before eventually heading upwards.
This is my updated expected road map.
For me: sell $9.9k, buy back $9.6k, sell $11k (though I will see how we react there).
Well the inverse H&S suggested yesterday played out perfectly.
Based on recent prior diagonal resistances and supports, which price has been respecting so far, I'd expect something along these lines over the next few days.
On the weekly view - assuming we close like this - we have broken out of a diagonal overhead resistance that has been plaguing us since December 2017.
I don't see how anyone can look at this chart and not be bullish.
This in combination with us about to close a 7th weekly green candle screams new bull market to me.
Am I wrong?
Bullish case: bull flag break-out and test top of channel, before coming back down to test the top of the bull flag channel, then eventually busting through the upper channel on the next attempt. Could take a week. Maybe quicker.
We are currently retesting that previous diagonal resistance now turned support. After this I expect us to have a crack at previous highs at $7.5k in the next few days, before the next meaningful resistance at $7.7k - $7.8k.