Apollo_721

BTC short term pop

COINBASE:BTCUSD   Bitcoin
Wow what a dump Friday! In the short term, there is a possible move back to the 53k range. A lot of this short term movement is going to based on leverage, in my opinion. We also have larger factors looming around as well. I believe the Evangrande situation is playing a role in some of this profit taking here. On the downside I see testing that 41-43 range again. That being said, a potential H+S pattern could be forming with the neckline being that 41k area. Im leaning more neutral, really just waiting on the "if this, if that" scenarios to play out. We will see, good luck!
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