BTC - All paths heading to the South Pole 7100 / 6900 area.

BTC wants to get to the 6900 area :
The top head and shoulders continuation pattern has a target of 6900 .
The smaller head and shoulders also has a target of 6900 .

...If BTC has any intention of moving upwards the first order of the day will be to make it past the retest of the neckline of the smaller head and shoulders at 7850. if not i'll stick to the side lines.

Comment:

it must be noted that on the 1 hour and 30 minute candles there is a bullish divergence brewing and im watching this carefully as BTC my be planning a large move upwards.
if this Bullish divergence spreads to the 2 hour and 4 hour time frames then BTC may be planning to move higher and ill take a position

Comment:

if BTC moves up its probably going to get stopped at the 7850 area as this area is now support turned strong resistance. I expect BTC will get rejected at this 7850 area and move back down to the south pole.