BTC daily chart indicate several interesting observations:-
(1) The purple lines indicate the main three (3) bearish drives pattern within that main wedge;
(2) It was expected that the last local reversal was supposed to breakout from the main wedge which seemed to have failed;
(3) Daily RSI indicates that the current head still has plenty of room to complete up to the neckline
(4) The fourth bearish drive on usd5.8k after potential completion of the current head & right shoulder may determine the course of this bear market.
(1) The purple lines indicate the main three (3) bearish drives pattern within that main wedge;
(2) It was expected that the last local reversal was supposed to breakout from the main wedge which seemed to have failed;
(3) Daily RSI indicates that the current head still has plenty of room to complete up to the neckline
(4) The fourth bearish drive on usd5.8k after potential completion of the current head & right shoulder may determine the course of this bear market.