Notice when bitcoin touches the yearly long channel "A" it drops on the average of 25%. After the first drop, BTC touches the channel once again "B" then drop to the support of the channel and the drop is on average 38%. Recently, it touches the top of the channel and drop 29% and now it touches the channel again "B' and I expected it to drop from there.
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BTC -1.21% has been going on a rally from the previous correction caused by BCASH FUD and Segwit2x correction. Prices are bouncing off the neckline of the previous head and shoulder and needs a heavy volume to approach all time high. Volume is diminish and prices are in at resistance.
A head and shoulder pattern appears to be forming and a move down is expected....
