BTC - Possible reverse head & shoulder forming

BTCUSD
BTCUSD

Bitcoin - Intraday - We look to Buy at 10200 (stop at 9800)

Although an initial rally was posted, sellers emerged and follow through bearish momentum resulted in all the previous day's gains being overturned. Expect trading to remain mixed and volatile. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. In line with the possible early stages of a reverse head & shoulders pattern and the strong rejection of dips, we look to set longs in anticipation of a swing higher.

Our profit targets will be 11000 and 11500

Resistance: 10800 / 11000 / 11500
Support: 9600 / 9200 / 8750