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Cocococo2
Jun 18, 2021 2:34 PM

Break of rising wedge, forming a H&S Formation Short

Bitcoin / U.S. dollarBitstamp

Description

Btc as seen in the chart has broke out of the rising wedge it formed. Creating a head, in a head and shoulders formation on the one day. With the 50/200 about to do a death cross. If the head and shoulders formation plays out the measured move is around 27,500 from the neckline to the top of the head. Ultimately I feel btc goes to the 21k range just a slow process in the bear market stage.
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