BITCOIN - H&S WAS FAKE. ARE WE GOING UP NOW?

It turned out that H&S pattern was built in order for MM to be able to buy more $BTC, thanks to the sell volumes. After the whole market realized that the price wasn't going down, some people began to buy back, changing the trend to upward again. H&S pattern was broken and this recent high around $8170 can't be the right shoulder.

The strongest support is located around $7500 - $7600. Less strong support levels are $7850 and $8000, there you can buy. Resistances are located at $8100 - $8200 level and $8350. If we see a breakout of these levels, we'll go higher to $8500 - $9000 zone. This direction is also supported by the previous ETF idea.

An uptrend will be broken only in case of $7500 breakdown.