Just a quick observation on one possibility that could play out over the next few days. I've even got a time fib giving a good confirmation. As of posting the H&S reversal still hasn't been confirmed, but still has plenty of room & time to do so.
I realise I've used the retracement tool in reverse. I've done so to illustrate how fibs are powerful thresholds no matter which way in time or price they are motivating traders positions.
Nice to see the H&S reversal has now being confirmed so far on relatively low volume. Apart from being a near perfect volume profile for a H&S reversal, You can also see from the volume of coins sold into this dip, there is still an insane amount of fiat just waiting in cowardly FOMO, pissed that it missed the bottom.