BTC is showing a potential head and shoulders formation, similar to before the dump in May. If this pattern plays out, we could be retesting previous lows of 30-28k. Although I am remaining bullish and buying the dip, it is important to see both sides of the market and be prepared for downside. On a bullish note, you could also say BTC is following a similar move from the breakout of the summer-long falling wedge. Here is from May to August https://www.tradingview.com/x/4Af4Ej6I And this is the last month for comparison https://www.tradingview.com/x/T4liCvVm If the bullish scenario plays out, we could potentially see a retest of the all-time high. Those targets would coincide with the bump and run pattern I posted on the 22nd, which is still in play https://www.tradingview.com/x/rT09DcKV/ To see that full post, click the chart below: 
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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.