BTC double top, ETH head and shoulders before CME launch

Just as ETH futures ready launch a head and shoulders formation is playing out on the ETH 2hr Huobi USDT chart and a double top playing out on the BTC.Tether daily Binance indicating both BTC and ETH are bearish, BTC for the longer term and ETH for the shorter term.

I will be waiting on the sidelines with cash for the time being until a determination can be made regarding direction. It may take until the end of the month to resolve as pointed out in my first blogpost.