BITCOIN (BTCUSD): Bearish Move is Coming?!

From the beginning of the year, Bitcoin is ranging.
This week, the price reached the range's resistance.

On intraday time frames the market formed a weird head and shoulders pattern.
42.900 - 43.500 is its neckline.
To catch a bearish move wait for a bearish breakout of the underlined neckline.

Then the price will drop at least to 40.300 level.

In case of a bullish breakout of the resistance of the range,
a bullish continuation will be expteced.

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Comment:

Check my new idea on AUDUSD: