Just a quick update on the Bitcoin market as prices just broke below 11 000 again.
The red line was my critical support zone, in my previous report I mentioned that consolidation above 12k was needed for BTCUSD to have a safe entry into the market.
On the 4hr chart we can clearly see the 11k zone getting rejected, which could also lead to a faile inverted H & S pattern.
This is a good time to reaffirm the fact that NO candlestick formation has a 100% success rate.
We could see the buyers step in here and push prices higher, but in my personal opinion we will retest the lower zones again. Safe trades.