Resistance at $6800, potential neckline for inverse H&S pattern.
Rising Wedge (Bearish pattern) breaking structure with a shooting star daily candle.
BTC looks like it's going back to test the $6200-6400 level to create the right shoulder.
If we blow past that, look for $5800 to act as support to potentially form a double bottom. If we blow past that, then bearish trend continues and we are heading lower.
Rising Wedge (Bearish pattern) breaking structure with a shooting star daily candle.
BTC looks like it's going back to test the $6200-6400 level to create the right shoulder.
If we blow past that, look for $5800 to act as support to potentially form a double bottom. If we blow past that, then bearish trend continues and we are heading lower.