Bitcoin possible inverse HS
Updated
Bitcoin could form a inverse H&S Pattern here.
I expected Bitcoin to jump off from 4400 Support, but the Chinese News affected the Whole Market with a big selloff.
If there are no other news coming which make a bad influence, i see this scenario coming.
In the worst case it should touch the Uptrend Channel again (3,9-4k)
If this doesnt hold, the bears officialy came to btc and we expect it to jump down to the lower 3000
I expected Bitcoin to jump off from 4400 Support, but the Chinese News affected the Whole Market with a big selloff.
If there are no other news coming which make a bad influence, i see this scenario coming.
In the worst case it should touch the Uptrend Channel again (3,9-4k)
If this doesnt hold, the bears officialy came to btc and we expect it to jump down to the lower 3000
Note
The right shoulder was a short one, went back to 4150 for a moment, now maybe the next chance to buy around 4300-4350!
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