BTC.USD - Head & Shoulders Formation ( Short Opportunity )

Trading Pair: EBTC.USD
Time Frame: Daily, 4hr & 1hr
Predicted Direction: Short

Live BTC.USD updates will be available in the comments section below.

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Break of the neckline, potential short opportunity.

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This is the 3rd time price has broke and closed below the Daily 50EMA which could be hugely significant.

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Break & retest of H&S neckline, i would now like to see a break and close below 12758 to confirm the overall downside short term.