bitcoin potential head and shoulders on the short term

short term chart ( 2 hr) if the inverted head and shoulders pattern forms it could pump up to $12400 range. the break of the inverted head and shoulders could be the wave 2 of the down trend i am still watching ( which id the 618 Fib level) and previous resistance and 1,272 of the initial wave up ( comon wave 3 target)..