Broadening descending wedge is a reversal pattern. I expect a wick down to CME gap this week. Very strong support levels at 9000 area so I don't expect to go lower. BTC will bounce from these levels and head into recovery mode.
BTC update-
We are nearing the end of the ascending broadening wedge. I expect another reversal from 11400-11500 support to 12000 before the wedge is closed. This pattern should close in the next week. When it closes we will see breakout to either the upside or the downside. This is a bearish pattern and there is a CME gap at around 9,500.
Bearish scenario
Btc...
