BTC - Further downside price action?

I still feel like we are not out of the woods yet with the bearish sentiment on BTC.

There are a couple of signs I am seeing that indicate to me we could still have more downside price action over the coming weeks.

The Weekly chart breakdowns like this for me

• The break of the Ichimoku cloud
  
• The leading Ichimoku cloud has also started to crossover into the red
  
• This weeks candle has currently tested the cloud and rejected as resistance
  

There is also a head and shoulders pattern at play there, but I am not entirely sure how much of a confluence that will be.

I am expecting to see us hit the $29,700 zone to complete its full retracement - I just hope that this level holds.

Komen:

Well, that worked out a treat!