Pros see a huge inverse head and shoulders, I'm not feeling it
Updated
Bitcoin has been struggling for a while now with its down trend channel. I see a possible break out hitting the top area of the green dotted line before coming back down. Or i see Bitcoin reversing back down and testing support in the 8k - 8.2k area before launching up. I am thinking the 2nd scenario is more likely, i have strong doubts that it will hit the massive inverse head and shoulders target. Bears are still around, i'm not sure they will just let that fly yet. We will have to see, I'm noob at TA but i like to keep things in a logical perspective. Plus my intuition is pretty good , let's just leave it at that :)
Note
Well it broke out of the down channel on the coinbase chart. But it isn't out of the woods yet. Where do you guys see it going?
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