bitcoin needs to say " no this is not a head and shoulders" and smash through that red box above 52 k and pretty quickly. longer we stay here the more chance of the bulls giving up
Bitcoin is taking its time, so no major movement yet
It needs to either BO or BD for me to have more confirmation to sell or buy
Things to watch for:
Resistance and Support areas
The descending triangle is forming
The long channel which seems more bullish
Overall action steps:
Being patient and seeing where the market goes and riding the trend if Bitcoin BO or BD
