If it crosses 11800 usd area it may go straight to the first significant resistance and target of the inverted H&S located at 14300-14400 usd zone. From there it should retrace back.
Order cancelled
BTC has been unable to break the neckline of its inverted H&S pattern with considerable volume, and it has started to drop from 11800 level. Next point could take it to 11100 (61.8%) or even 10750 (50%) zone. Or even to lows (considering it should touch 8000 usd zone to jump again hard).Trade active
BTC went exactly to the 61.8% fibo at 11100, now the pattern is resumed
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.