BitcoinShort
BTC at key resistance zone. Potential correction.
I´ve been tracking the forming H&S for over a week now and it´s been drawing it consistently. There´s also convergence in terms of an abc correction about to make the run down to c.
Long term supports give credence to the 12.6k and 8k targets.
Unless we break the current setup in the next few hours (I don´t think there´s enough volume) we are going down. I will skip 12.6k and wait for bear confirmation to make an enter at 8-9k, then save some more in case we confirm a bear market down to previous supports below 6k (unlikely IMO).
Long term supports give credence to the 12.6k and 8k targets.
Unless we break the current setup in the next few hours (I don´t think there´s enough volume) we are going down. I will skip 12.6k and wait for bear confirmation to make an enter at 8-9k, then save some more in case we confirm a bear market down to previous supports below 6k (unlikely IMO).
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