Bitcoin Projections: H+S Waterfall Drop or Channel Support Explosion!!
Another Beautiful Day:
Lets set up our plays for bitcoin and then go enjoy the sun, play, and make money all at the same time :)
Two scenarios to be aware of.
Scenario 1:
Minor Head and Shoulders formation that could cause us to drop out of the channel, ultimately forming another larger head and shoulders accompanied by another drop to roughly 9k.
Scenario 2: I"m leaning more to this. But more data would verify scenario 1 or invalidate it.
--- Channel support holds us and we propel past our resistances at 9900 and 10k, establishing some bullish support above 10k and extending our momentum to 10800 and 11700ish eventually before a much larger retrace plays out.
Hope my chart and videos help.
As always its not financial advice, just my own perspective and personal opinon that may give you a broader more open view of where bitcoin is heading.
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