In my opinion, BTC still has a long journey of downside before the buyers get what they have been waiting for all this time.
Breakout sellers from the head and shoulders pattern will likely be the target of this short term bullish run before bears grab hold of the market again and take the price down the equal low liquidity.
I will be searching for sells in between the two zones as illustrated.
Good luck everyone! Don't fall for mass psychology, analyse the chart with an open mind.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
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@aramkairos, In our view it is also bearish, just like AlkalineFX. But if the S1 support line is lost, the price will go down to around 30K which is the first support. Maybe lower if tat support is lost.