is continuing in its downward path from annual highs however are the bulls beginning to take over again? Despite remaining in trend channel bitcoin
appears to be in the process posting a higher high and a higher low and the possible formation of a bullish head and shoulders
. The neckline of the head and shoulders
would coincide with the upper boundary of the trend channel so if we see a break, it could see significant buying power. Our long term plan is to await a break and retest before long entries. Until then the chart appears very much indecisive.