Day Trade: Short setup on BTC . It's happening fast so putting this out quick. This setup would confirm an inverse head and shoulder and possibly confirm a reversal of the current down trend. Time will tell.
This looks like a busted Idea at the moment. Something bigger is at play. The senate hearings for cryptocurrencies has stimulated a lot of interest from bulls pushing the price off the bounce! I wouldn't be surprised if we see a retest of the low of the $6,500 zone.