bittuminati

BTC to 61xx range? H&S Scenario

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BITMEX:XBTUSD.P   Bitcoin
Slanted H&S can be seen in 1D, with neckline at 64xx-60xx depending on body to body or wick to wick selection. Wicks to 7k range again will be a good opportunity to short. Most of the oscillators are showing bearish and bullish signs, however on long term scale, the lower it goes the better will be the upward momentum.

For now 5.2k-4.4k-4.5k is the absolute support and critical support at 31xx to think of. Play it accordingly. If not sure for positional targets, you can ladder long 1x-2x every 700$ below 61xx for very long term targets of 13k++
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