BTCUSD CEX.IO Head and Shoulders

CEXIO:BTCUSD   Bitcoin / U.S. Dollar
Hello, people!

We can witness a formation of a head and shoulders pattern. Since we are still insider descending channel I would expect the price to drop to $8,100 ( CEX             . IO             ). My previous post explains why we can still touch $6,000. We tried hard these days to break through this channel but failed on every occasion. RSI and MACD both show on smaller time frames that we should go down. Might be a good opportunity for short with a stop loss at previous highest point.

Hope this amateur analysis can help you see the opportunity.

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