watching two patterns play out...symmetrical triangle or descending triangle. on the downside a close below $9750 and $9300 levels would raise flags. on the upside a close above $10750 and $11500 would be bullish. welcome any thoughts.
high likelihood of BTC retesting previous resistance now turned support of $6K. confluence of H&S breakdown and the .50 fib retracement level. i would expect a retest of $6K followed by a strong bounce that could result in breaking $10K. welcome any thoughts.
a few resistance levels to break ($1350, $1500, $1750 and $2000) but the chart looks bullish. also consider the power of 10...gold began trading around $250 so $2500 has a meaningful value. welcome any thoughts.