Bitcoin / TetherUS
Short

Potential Pullback For Bitcoin Before We Test The $7,000's

190
So we have a few things going on here that tell me we're going to have a pullback.

1) Looks like we've formed the left shoulder and the head, and that we're going to create a right shoulder. I don't think we'll close below $6,167.04 here on this chart, which if we did we would go down further to complete the pattern.

2) We have -div here on the 4 hour chart on the 20 setting for the squeeze. (price goes up, while squeeze trends down)

3) I believe we need to test between $6,300-$6,167 to complete the right shoulder for an inverse H&S.

The area for the bounce lines up pretty well with structure, important fibs lines, and also the vbp volume gap.

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