These two patterns enclosed in the rectangles are the same pattern , both are "complex head and shoulders ".
Also both have a MA30/13 Macross on the weekly . This MA cross is not a good sign on the weekly as it indicates a possible second round of selling so BTC will have to reverse back upwards and not move below 7900 .
Should BTC move below 7900 then this setups a move down to the 6K area,
Also both have a MA30/13 Macross on the weekly . This MA cross is not a good sign on the weekly as it indicates a possible second round of selling so BTC will have to reverse back upwards and not move below 7900 .
Should BTC move below 7900 then this setups a move down to the 6K area,
The deciding factor here will be that BTC remains above 7900 at all times which then sets up a bounce to 16k