BTC - Double-top drop to between 71xx-69xx then bounce to 7700
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This move by BTC appears to be part of the head and shoulders stragedy in the graph below to to get BTC to 9600 ..
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sometimes you just gotta go down to get up ..
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Wahoooooooo.........This is just great .. The fact that we had not gotten to the 76xx was area was a bummer as it broke the head and shoulder pattern above. But BTC has now completed that move and now needs to drop to the 70xx -69xx area to complete the right shoulder . After that its showtime and BTC is now ready to tackle the 8k and upper 9k areas.
..Go Get'em BTC ...
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Looking closely i realize this head and shoulders pattern could also be slanted . This does not change the ending move which will still be 9600 . But being slanted the drop down to form the right shoulder can be as low as 6800 before moving back upwards