BTC - More down or 6k retest?
I have been following a pattern on the Ichimoku cloud for some time now and can see it's now crossed to the 12hr like I suspected it would, It is very likely to cross to the daily too now.
I have posted 2 scenarios,
The blue path is what I think will happen.
The red path is something I saw in the 12hr TF
The 12hr chart shows we are inside the cloud, We have had a good run so far so I expect us to get rejected at the top and then fall out the cloud, If we bounce off the bottom as shown in the image then we would have made an inverted H & S and the target would be 6k.
I have posted 2 scenarios,
The blue path is what I think will happen.
The red path is something I saw in the 12hr TF
The 12hr chart shows we are inside the cloud, We have had a good run so far so I expect us to get rejected at the top and then fall out the cloud, If we bounce off the bottom as shown in the image then we would have made an inverted H & S and the target would be 6k.
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