Smart Money: BTC vs USD Selling Last Support Strategy – SHORT
Forming potential head and shoulders pattern.
High/Higher High/Lower High = Bearish .
If 3 tests of the 6420 purple support line. Short on a bounce off the retest of 6420 as resistance. Close at 6280-6300.
If there is a bounce then this is the third test of the 6280 identified via the red arrows. Wait for a drop and completion of the retest and short off resistance at 6280 and close at 6100.
Comment: If this plays out it could then form an inverse head and shoulders.
