My apologies for the bad title but i just wanted to share this idea quickly :) The chart is pretty self explanatory. bearflag on the daily, one last push to 10k, paint the right shoulder, break down, and complete the bearflag. RIP bitcoin :)
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We might not even see a complete right shoulder before it breaks down, meaning not even gonna test 10k. Here is how another HS completed: Note that the right shoulder barely managed to form before people got the fuck out of dodge.
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Got that early breakdown, now im thinking we might get a fast bounce and an actual attempt at 10k. But lets see.
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Bitcoin is trying to establish wether 8k is support or not. I suspect this will go on for a few days. If indeed it is support, there is an emerging Pitchfork which will be interesting to keep an eye on.