BITCOIN - Head and Shoulders Breakdown

BITCOIN - Head and Shoulders Breakdown
Bitcoin / TetherUS BINANCE:BTCUSDT
jpbrown1023

BTC broke the neckline which is now acting as resistance. I think Bitcoin is destined for lower prices. I'll be looking to see how the price reacts around the $7800 area which is my head and shoulders target. It is possible that we have a little over-exuberance to the downside and make it to the bottom of the channel. Either way, wait for a solid bounce before coming back in.