BTCUSD 1Hr Head and Shoulders, Bearish signal

Based on the current lie of the head and shoulders directly after the December Low, it appears that bearish sentiment has "resumed" (or rather, it never left). If we close below the long term support line (drawn from the gradual curve before the 2013 bull run through the October and December lows), we're probably in for a long haul downward.

Alternatively, if we bounce off of the support line, at least a short sharp retrace is likely, following the Gann curve. After which is will be necessary to re-asses the market.