The Inverse & Shoulders scenario is under pressure, however, even a break to new lows would still suggest a buying opportunity as this move would complete the longer term descending wedge pattern setting a platform for recovery
The descending wedge scenario we discussed in this weeks Market Analysis session is playing out tonights NY close will be key for confirmation
Corrective pattern we have been tracking in Bitcoin completed at our target level and buyers have stepped in as discussed in our Market Analysis sessions
Inverse Head & Shoulders scenario that we have been tracking in Market Analysis sessions starting to play out