Were forming the right shoulder of a head and shoulders
pattern right now on the 4hr btc daily chart
. Expecting news of a delay in the ETF
decision this week should push the price further downwards. However a retrace back of some of the loses the past few days may occur before hand, especially considering we have now had 6 straight days of red.
I do not expect it to clear 7500-7600. Do not see a catalyst for a rally in the future back above $8k, especially since the most likely scenario for the Van Eck ETF
is for it to be delayed.
Currently only in fiat, with a small short open, more shorts placed at $7500-7600 If we do bump up.