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Butcher_of_Bitmex

Head and Shoulders/Breakdown of Ascending Broadening Wedge

Short
Bitcoin (COINBASE:BTCUSD)  
Butcher_of_Bitmex Updated   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD BTCUSDT BTC btcusdshort Bitcoin (Cryptocurrency) bitcoinforecast bitcoinusd bitcoinusdt
12
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trendanalysis chartpattern indicator btcusd btcusdt btc btcusdshort bitcoin bitcoinforecast bitcoinusd bitcoinusdt
So not only do we now have a confirmed break down of the bearish ascending wedge; we also have a almost perfect head and shoulders pattern. We also have a parabolic sar flip and fisher transform crossover to bearish on the daily. Appears we are definitely going down to 7500 though ultimate target initially is 5K.
Comment:
Still a small chance of a double top if the following yellow wedge plays out:
snapshot
Comment:
Bear flag on shorter time frames
snapshot

Related Ideas

Butcher_of_Bitmex
Last Possible Chance of a Double Top
Butcher_of_Bitmex
Ascending Broadening Wedge
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