Short BTC to 8-7k H&S
Updated
I see a lot of traders are speculating on inverted head & shoulders, but I think we need to look at the bigger picture. BTC was declined at 11k mark, which was a support zone of the main "head", but now it turned into a strong resistnace zone of the right shoulder. Also let's face it: the Libra FUD is over, on a weekly chart we have a massive red "shooting star" which is still in play and also CME Futures will expire on 27th July. So I believe the next week there will be some blood and we are going down to 7-8k zone and afterwards I would expect a strong bounce and the new ATH.
Trade active
Trade closed: target reached
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