At the moment, I'm short with a target at the green box, which has confluences galore:
- golden pocket retrace of the move up from $6.4k to $10.5k
- back test of channel that BTC broke out of on the move up - channel that had held since June 2019
- support of the uptrend line from $3k levels
adding to this.. if inverse head and shoulders plays out (left shoulder fractal is flipped and added as right shoulder here), the profit target from that would be ~$7850, just above our target range
safe entry would be to wait for iHnS to play out, and short on retest of pink line at $9140
- golden pocket retrace of the move up from $6.4k to $10.5k
- back test of channel that BTC broke out of on the move up - channel that had held since June 2019
- support of the uptrend line from $3k levels
adding to this.. if inverse head and shoulders plays out (left shoulder fractal is flipped and added as right shoulder here), the profit target from that would be ~$7850, just above our target range
safe entry would be to wait for iHnS to play out, and short on retest of pink line at $9140
(also, definitely mean regular head and shoulders :facepalm)