BTC following the trend lines so far. The lower trend line has enough of a slant for a falling wedge pattern.
Waiting to see how the next daily candles turn out to get a direction. We should see an upturn,
although a descent and bounce off the lower trend line is not out of the question.
We should see a retest at the 6800's, and with enough momentum, break...
Looking like an iH&S on the 1 hour chart within the "Right Shoulder" of the huge iH&S shoulder seen on zooming out to the 4 hour chart. Also, included an orange top trend line, as well as, the horizontal heavy resistance lines.
However, this recipe needs some major bullish volume and bullish cross on the MACD....and, it does not seem to be on the menu?