LTSInvestor

BTC to $9K... then ...?

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COINBASE:BTCUSD   Bitcoin
BTC hit my previous target and has completed a H&S patter with a downside target of approximately $9K which is also a retrace to the .618 of this impulse move to the $10.3K area. It's currently retesting the neckline but I am betting it gets rejected. BTC1! futures chart is printing almost the same, so, that corroborates what I think is a likely scenario, especially going into the weekend where all sorts of shenanigans happen. Then, I imagine we either get a gap fill to the $8,500 area or we go sideways until next week, when we start making another push to break through the resistance at the $10.5K area. Only time will tell. Happy trading. :-)

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