BTC Update and Analysis
BTC fighting resistance again on the down channel. If you look at the last H & S it took about 4 days to play out and stayed within a $1700 range. Tomorrow will be the fourth day since this recent Head and Shoulders bearish pattern.
It should be noted this fall was leading up to CME futures and CBOE futures are now over. This gives hope to a positive break out of the channel. However this is crypto and nothing is certain. BTC is still underwater on the MA's as well so I wouldn't recommend re entering until we see a clear break UP and out of this down trend. If it breaks down we could see it fall to the 7k range.
