Short

This could be whats in play, just finishing a H&S Pattern.

Updated

Looks very much like a completion of the right shoulder before we drop and test 3,000. A lot of panic will happen at this point and may signal a flash crash to 2,200 then a solid bounce to 3k. All of this is just my opinion based on solid fundamentals.
Good luck to all!

Comment

Also this is a bearish idea however a bullish idea that would agree with the 1 day that this could be a setup for a bullish inverse head and shoulders. I will try to update as things progress.

Comment

I put a stop-loss on this trade at $3,650 ($120.00 if your in ETH) that would be a break in the neckline and indicate a further test down. A clear break at 4,000 would turn me bullish again, we will see if bulls test the top one last time, we have had 2 rejections of $4,000 which lead to massive and quick flash selloff. The third rejection bulls will be forced to capitulate back to 3,000 possibly lower.

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