Potential iC&H to 6.5k

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
inverted Cup and Handle
- structure looks real
- messy but descending volume profile

- RSI = 49, plenty of room for down
- MACD = flipping red soon for the first time since Jan

Target = 7.7k - 6.5k
- support at previous local high and local low likely, 8.8k and 7.7k, respectively
- yearly Pivot = 8k
- large support volume node at 6.5k

If real, will likely unfold throughout Q3 and be over by Oct 1st
Comment: price below cloud, < 8.8k, would support the bearish moves as well

Comment: 4h 50/200EMAs bear for the first time since Feb

potential falling wedge that can reverse around 8.8
Comment: bearish e2e triggered here as well

TP = 8750

Comment: FW w/bullish bias but no volume on breakout thus far
Comment: this is still my overarching viewpoint

waiting on a support break of Cloud + PF ML to seal the deal

Order cancelled: never fell below cloud on the daily, nor broke horizontal of Cup

instead we get A&E