Bitcoin: Head and Shoulders to 2900?

23 sept. 2017

There is a possible h&s structure forming. I would look for signs of reversal below the red horizontal line for entry which will finally form the right shoulder and a break in neckline will confirm. This structure is invalidated should the price surpass the red line.
Although this structure determines that the target is 2900, I believe that this movement could fuel a further fall in price, possibly to the mid-low 2xxx level.
Any input on the comments below is appreciated. Thanks for reading.

23 sept. 2017

Note

Looks like it might have gotten rejected at 3800.

23 sept. 2017

Note