Possible Head & Shoulders pattern forming
Updated
Scenario 1 - If Head & Shoulders pattern completes, probability of a a pull back to 
23K-24k is 51% (NOT 100%)
Scenario 2 - If Head & Shoulders does not complete we may range between 'Support 1' (Pink) and 37k for a while
Scenario 3 - If Head & Shoulders does not complete, and we have a sustained break out above 37k. We will likely go to the Target zone of 40k+
I am currently monitoring to see if the H&S pattern plays out. Will update idea periodically.
23K-24k is 51% (NOT 100%)Scenario 2 - If Head & Shoulders does not complete we may range between 'Support 1' (Pink) and 37k for a while
Scenario 3 - If Head & Shoulders does not complete, and we have a sustained break out above 37k. We will likely go to the Target zone of 40k+
I am currently monitoring to see if the H&S pattern plays out. Will update idea periodically.
Note
Head & Shoulders pattern invalidated. I think we tickle around the $38,500 zone for a bit then test 40k plusNote
$38,500 Zone tickled for a while and now broken. Up we go to test the 40k+ zoneNote
Looks like Scenario 3 played out here, we'll monitor what happens in 40k+ Zone and draw up some new analysis from there.Congrats to anyone who entered the trade on the sustained break out above 37k as stated. You just made ~7% profit
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