sabritoumi

could this short term correction for $BTC go a little deeper?

Short
BITMEX:XBT   Bitcoin
this correction started with the breakdown of the rising wedge pattern, price target linked to the rising wedge pattern is the first blue box around $9600, but if this head and shoulders pattern plays out we may be looking at a little deeper correct to the lower blue box around $8800, imo a bounce from the upper blue box is more probable and it would probably be a strong one!

just considering different scenarios,

thoughts and comments are more then welcome!

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