Within the 15 min chart we can see a head and shoulders is about to play out. Retesting our main support line with .79 fib retracement level verification.
BTCUSD seems to be testing major resistance (now support) setting up for a chance to take a long position. We have the support of long term resistance, the reversal bullish falling wedge, and bullish divergence before possibly crashing down going through with the bearish continuation pattern in our previous chart linked below.
BTCUSD currently sits within two bearish continuation patterns (Wedge/Flag). Prior to a possible, even greater, correction BTCUSD is looking bullish... Above are my two target points. Your thoughts..?
