Although BTC looks mostly bearish we are seeing some textbook signs of painting possible inverse head and shoulders reversal that can be seen 6 hr -1 day
If this pattern manifests it would lead to 1 week or so of accumulation and uptrend after putting in the right shoulder lows on this 12 Hr momentum reset of strength.
Then to a break of $11800 which is also my #34 point on my grand fibonacci applied to the entire trend.
This would also line up with the 1 Day cloud twist around March 6th for an attempted breakout
Buyers should step in near $9500 to hold the trend
If this pattern manifests it would lead to 1 week or so of accumulation and uptrend after putting in the right shoulder lows on this 12 Hr momentum reset of strength.
Then to a break of $11800 which is also my #34 point on my grand fibonacci applied to the entire trend.
This would also line up with the 1 Day cloud twist around March 6th for an attempted breakout
Buyers should step in near $9500 to hold the trend