Hello Crypto Friends!

BTC is up and down alot in the past day or two. However a few signals are being given-

On the Daily, It has clearly broken out of the channel. Stochs are now pointing down. Yesterday we had a small jump up and got rejected by the wedge trend line.

Still stuck between the 13 and 21 EMA. Although i think it might close below today.

We have a nice pattern forming on the 4 hr-

The old head and shoulders. The volume profile matches it too.  A break and close below the $6600 level should see this pattern play out with a target of $5700. To support this we have a clear downtrend now with lower highs and lower lows. Also below all EMA's on 4 hr.

I am most likely going to look for a short entry now. But patiently waiting for a good entry.

Happy Trading!