Hello Crypto Friends

Update on my trade also a quick insight to where BTC might be headed in the near future.

As you can see in the above pic. I am looking for this descending triangle on the 5 min to break down to around the $6077 mark.

This is part of my trade 6 which is looking for further downside in the mid term on BTC.

However my trade 7 is looking for an Inverse Head and Shoulders pattern to form and complete in the coming 8 hours or so.

This will break up to around $6600 mark to fill the gap on CME chart. Which then will form a bigger Descending triangle or Head and shoulders on the 12 hour chart-

Something like this. With a target of around $4300-$4400.

Happy Trading

Update-

Updated - Triangle broke, pretty much hit target, might dip abit lower. Now we have this descending wedge, which should break up to 6270ish, then looking for the neckline to break up to 6600ish.

Happy Trading!

Nearly there (MFI)

yeeee ya, this is what im looking at on crack pipe! (jokes)

More updates below-

ZZZZzzz, weekend fuckery below. $6060 target hit haha. I'm guessing some whale missed out on his leverage long position or something so dumped the price again. ~~~~