BTC 4hr RSI rising wedge breakdown, inverted H&S invalidated

٢١ يوليو ٢٠١٩

BTC is trading sluggishly. There was a fakeout of the inverted H&S. H&S about to be invalidated. Breakdown from rising wedge in the RSI is bearish, unless it's not a rising wedge but a channel (dotted line) because RSI touches the bottom support only once. Potential harmonic has changed as well as the potential path of the price action.