BTC to 65xx-668x H&S Scenario.

H&S Pattern is observable in 4H with neckline support at 7050-7085. We can expect an upward move to 7124,7178,7270 or downward move below neckline support targeting 65xx-66xx.

Indicator Credits:

MFI+ (www.tradingview.com/u/D7R/)
Ifish Smooth (www.tradingview.com/u/Moe_mentum/)
MACD VXI (www.tradingview.com/u/vdubus/)

Kommentera:

Sudden bounce from bearish view? Its a reaction from very major trend line, which you can observe in 1M chart.