Goodmorning friendz
#BTC broke up! then a heavy rejection at the common $8,360 region.
We didn't see fireworks as we didn't see volume, which again is what i mentioned in the last post.
However to me i can see a nice inverted head and shoulders forming, a push towards that $8,360 region may lead in a huge break targeting $8,853 - $9,000 regions.
In a bearish scenario, if we are to break below $8,150 strongly, i can see price declining towards $7,772 . A test of this may still be needed so stay aware.
Im leaning more towards a bullish scenario, just because of the inverted H&S, however stay woke dudes and make sure you are aware that if we dont see a pump of volume for a third wave shortly, then we wil be testing $7,772 and even potentially $7,153.
heres my chart, enjoy!
Legal Disclaimer: I am only as good as guesses and fibonacci , i love to share my information however i am not telling anybody to specifically follow in any of the trades or decisions i make. I win , I lose but at the end of the day i use this all as a platform to share my opinions on possible outcomes and trades i will be completing. Happy Trading!