Massive falling wedge/h&s on bitcoin. Which way is more likely?

2022년 6월 3일

We can see that bitcoin is inside a massive falling wedge on the daily chart, and like usual with most bullish falling wedge patterns there also hides within it a bearish head and shoulder pattern as well. I have charted the breakdown target for the head and shoulder pattern as well as the breakout target for the falling wedge here and it’s pretty obvious to me which outcome seems more realistic. Though ultimately the break up from the falling wedge seems the most realistic, price action could certainly do a fakeout breakdown and dip below the neckline of the h&s (aka the bottom trendline of the wedge) before actually slingshotting upwards to break up from the wedge. I see any such move as that as a buying opportunity. *not financial advice*