BTC broke out from a descending channel. Target of the channel is $8720, which if reached will complete a bearish shark harmonic. Target also coincide with the resistance line of a falling wedge. If price is rejected at the resistance of the falling wedge, it will validate the wedge and bearish shark formation, implying a drop to the support of the falling wedge at around $7422 . If price surpass $8720 it will invalidate the bearish shark formation and can be counted as a wedge breakout, who's target is around $9700 below the large triangle that formed a couple of months ago, maybe testing it, or breaking through it as well.
