BTCUSD 15 min chart showing actionable trades both directions

Bitcoin is currently consolidating since 20k, also being subjected to various transient shocks like Bitcoin Cash release on Coinbase, etc. that likely have kept upside momentum low. Overnight, the H&S flashed but didn't yield the full measured move, potentially due to the significant resistance being established in the 17s. It's currently channeling down, making a break of the channel an actionable trade in either direction. As time continues, the less likely the H&S will play out (already looking like the previous attempt is the most we'll see in the near term) - perhaps this failure implies further consolidation down is coming in this lull of demand.