If this is a head and shoulders play, we have a target much lower.
1.12288 is a Fib support line, which is the next target lower, and will then see if the H&S plays out down to 1.05160
There's a lot going on on this chart, so don't worry, I'll explain it.
You guys already know how bearish I am, and that I do believe BTC will hit the lower trend line of this triangle again and bounce before we hit $5k and bounce again. BUT, I'd be doing a disservice if I didn't consider this bullish view. I've been working with bullish scenarios and seeing which...