Hallemahalle

BTC - Possible Bearish Movement

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I made this idea just to keep bearish possibilities in mind when trading so its not my target, its just a scenario:

Bat pattern detected which could drop us down to a region of 7800$.
H&S pattern would therefore be valid with a final target around 6500$.
Holding this area would then be critical for any further movements because dropping lower would ( imo             ) lead us to a new lower low around 5000$.

Pattern is invalid as soon as we are climbing above the head which would validate the inv. H&S pattern (which i havent included as this is then a bullish movement with a target of ~12000$).

The volume is the key point for both ways, a bullish breakout needs a boost in volume , the bearish way would be proofed by more decreasing volume .

Good Luck!

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