drewjwats

BTC currently at head and shoulders neck line.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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.
Totally agree! The same opinion
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drewjwats traderok777
@traderok777, worked out well :)
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