if Bitcoin 0.55% fails 8500 today, a dip under $8200 could dip into the right should of a H&S short/long opportunity throughout the month of August - with so many H&S and Inverse H&S confirming recently, why not another? Bots run cycles until the cycles are no longer profitable
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If it plays out, it could play into an even larger Inverse Head & Shoulders that started playing out the beginning of March 2018 and could culminate into October 2018
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It feels to me that trade bots are really trying to complete this H&S (continuation). If Bitcoin loses support at 6k, $5800 test will complete the H&S. If H&S is completed, we might expect the pullback to equal the height of the pump from $5800 to $8500 (+$2700). That's a $3500 target from current $6200 range. Be prepared.
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