BTC/USD is showing a potential head & shoulders reversal pattern here. bearish confirmation & target are labeled on the chart, as well as bullish confirmation (IMO the bearish projection here is more likely statistically). bullish confirmation would likely bring it to at least 20k.
I might add a bigger write-up later if I have time, currently busy with my family. but I will quickly say that this situation and chart is eerily similar to the crash we had pre-Segwit1x fork.
trade at your own risk.
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more and more it's looking like the bearish scenario is being confirmed
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about to retest the neckline in the short-term
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strong rejection of the upside of the channel here still looking bearish to me; target remains unchanged
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at this point it looks to me like there will be bullish confirmation soon