Bitcoin has been in an H&S top for months now, most people didn't expect the price to break its 9K-10K and kept calling for ATH while it was glaringly obvious I was confused myself if the so-called top analyst and CZ were laughing and mocking those who sold at $10,800 only the price to break down this violently at there detriment .
I have noticed the H&S along time ago since July /August and called targets, then we had a retest which morphed the H&S to look like a descending Triangle, no it is not.
H&S TARGETS have been indicated in the Chart using Thomas Bulkowski guidance , it's almost certain we will get a bounce from $7000 area as it coincides with the 0.618 retracement which is inline still being in a bitcoin bull market 40% correction.
The full target of the H&S is around $5000 area which gives us an 80% retracement of the parabola.
Play the market with what it presents not what you want it to do.
I have noticed the H&S along time ago since July /August and called targets, then we had a retest which morphed the H&S to look like a descending Triangle, no it is not.
H&S TARGETS have been indicated in the Chart using Thomas Bulkowski guidance , it's almost certain we will get a bounce from $7000 area as it coincides with the 0.618 retracement which is inline still being in a bitcoin bull market 40% correction.
The full target of the H&S is around $5000 area which gives us an 80% retracement of the parabola.
Play the market with what it presents not what you want it to do.