Bitcoin - Falling Wedge + Inversed Head and Shoulders

Bitcoin broke up falling wedge and bounce from 8.6K area and right now it will test falling wedge previous resistance that now works like a support. We should expect a bounce from here and a classic falling wedge followed by an inversed head and shoulders. If we don't bounce from 8K area we should drop to 7.6-7.8K area for another bounce attempt.

Kommentar:

Head and shoulders not completed. We are now testing 7.6K-7.8K support

Kommentar:

Will the falling wedge support hold BTC up? Only time will tell. We also have a strong support at 7.2K dollars.

Trade geschlossen: Stop wurde erreicht:

Bitcoin proved few hours later that this idea was not gonna happen.