On bitcoin , we can observe two chart patterns, Head and Shoulder, and Inverted .
1. Right shoulder was uncompleted and we can see neckline doesn't hold. The short-term downtrend was stopped by 0.618 Fib.Ext and one of the internal .
2. Inverted which is formation. I expect the price to reach the highest high of the over the next few days with plenty of fake bounces.
A Potential is forming. On bottoms, is not fully , so if the price will reach 0.382 Fib, I won't be surprised.
Will monitor both and update later.
Broke support. My next target 20dma and 0.5Fib