There are two formations which I see playing out at the moment. One is positive and the other is negative.
If you look on a grander scale you can see aan inverted H&S pattern. for this pattern to unfold it would require BTC to bounce back up in the coming day and not break below 13K after which it WILL have to break past the 17K barrier. If this happens I will be bullish on BTC.
Happy trading!
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