BITCOIN - FALL TO $35K AND RISE TO $58K OR FALL TO $30K AND $20K

Right here is my idea on Bitcoin. As we all know we have an head and shoulder pattern on this chart which predicts a fall and an inverse head and shoulder pattern on this same chart which predicts a bullish trend.

So for the head and shoulder pattern to work, price will hit the yellow resistance line at $41,400-$42,00 and if it rejects, it will fall back to the neckline at $30,000 and may eventually fall more to $20,000.

Also, for the inverse head and shoulder pattern to hold, I expect price to first go up to the supply zone at $43,000. If price rejects the zone, then I expect price to fall to $35,000 to form the right shoulder, then long to $58,000.

Therefore we have two likely moves here. Either price fall to $35,000 and rise again to $58,000 or price fall to $30,000 and continue to fall to $20,000.

What do you think?

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