shootinshredder

Bitcoin possible head and shoulders, key areas that need to hold

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Well bulls really pushed today and temporarily broke that downtrend line, was impressive, but were unable to break 9k and put in a higher high. So then we can look at the lows, we have two key fib levels to hold, with the bottom one marked with the bigger arrow also being the neckline to a possible head and shoulders pattern. If that breaks ironically enough the target would then be the 23% fib retracement. This would allow for a higher low and possible uptrend from there, depending on the FUD... I just saw bloomberg trying to call for crash to $900 bitcoin             lmao. They are probably just mad they couldn't get in early enough.

So we need to hold that neckline, and even if it does fail, target would be that 23% fib retrace, hopefully w some volume and then onward and upward!
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