1) BTC broke bearish channel and is trying to break the Bullish Confirmation ( Resistance Zone ) , If BTC 9.62% breaks the resistance zone , it will continue the way up. But if BTC 9.62% fails to break the resistance zone , BTC 9.62% will go down and the logical support will be the RED dotted line.
2) I am able to spot a formation of a head and shoulders IF BTC retrace from resistance to the already formed neckline. In this case the drop will more than the Blue dotted line