Doubble possible scenarios for btc, H&S or Doubble Bottom
Short and Concise
First scenario- BTC next target is 4400 USD, then a retrace to 3700 usd (which is also fib 61.8), from there btc might go up to 4400 usd to form a head & shoulder pattern(reverse pattern). If btc breaks above 4400 usd with volume then next target is the strong resistance at 6000 USD(blue trendline).
Second scenario- BTC will fail to break above head & shoulder pattern, a possible target might be then the big support at 3180 USD(blue line) to form a doubble bottom. From there we could see a rally to 6000 USD.
First scenario- BTC next target is 4400 USD, then a retrace to 3700 usd (which is also fib 61.8), from there btc might go up to 4400 usd to form a head & shoulder pattern(reverse pattern). If btc breaks above 4400 usd with volume then next target is the strong resistance at 6000 USD(blue trendline).
Second scenario- BTC will fail to break above head & shoulder pattern, a possible target might be then the big support at 3180 USD(blue line) to form a doubble bottom. From there we could see a rally to 6000 USD.