Bull Scenario - The Inverted H&S on the daily plays out and we will get a good bounce to the upside sometime next week. - News of a Euro ETF was posted yesterday. (coindesk.com/the-eus-biggest-etf-firm-expands-into-crypto-products/) - We've seemed to hit a nice short term bottom.
Bear Scenario - Looks like a Head and Shoulders will form and retest $6430. - However, this will play into the Inverted H&S on the Daily which is the chart we should also focus on. - RSI is showing Bearish divergence indicating downwards movement.
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Looks like that H&S didn't play out as I had thought. Wow lol