$BTC.X #cryptocurrency #BTCUSD looking for a correction here

with a potential H&S beginning to play out. Still require the break of the neckline and confirmation before the measured move can be traded effectively. Note the confirmation of breakdowns in patterns have typically been happening rather quick, so longer time frames sometimes do not show them well. $8500 would be a nice level for a higher low, in confirming a reversal trend off $6000. However, if we were to break through this target and not have significant support, the closer we get to 7s and/or 6s, the more likely we're entering a longer-term bear market.