bitcoin testing neckline of 4hr head & shoulder pattern

As I was anticipating we have now broken down from the bear flag we were consolidating in on the 4hr chart...and now shown here in yellow is the 4hr head and shoulder pattern if it triggers the full potential drop target for it would be right around 3091 hopefully not as it could very easily invalidate our big 1 day chart inverted head and shoulder pattern...maybe it will get another big bounce when it revisits the 1 week charts 200ma (seen on bitstamp) we may be able to double bottom off that moving average. if not we could continue dipping somewhere between 2.8-2.9k and if that fails the bottom is likely around 1120. However hopefully the 200 weekly ma can save the price action and keep the inverted head and shoulder pattern from becoming invalidated.