BTC potentially forms descending wedge/inverted Head & shoulders

Bitcoin (bitfinex) maybe be bottoming based on a potential descending wedge inverted Head and Shoulder formation.

Projection could be an upside move to about 1880 USD, but first lets worry about getting above lines 1 and 2.

If we breakdown through support we could see a drop to ~1600 USD

Watch for RSI to climb back into the upward channel to confirm a spike