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 soonOrder cancelled
pattern invalidated. next stop 
25K?Trade active
it looks like my first chart (this chart) will actually be the correct path now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.