Cryptos climbed as Ether futures exchange-traded funds (ETF) were launched in the US at the start of this week. Along the way, Bitcoin broke through the neckline of an inverse head-and-shoulder pattern, to a high of $28604.38. Bulls delivered a strong close above its 50-day SMA but gave up close to 50% of its rally for the day. This “area of surrender” for Bitcoin bulls coincides with the resistance line of the upward-sloping channel, drawn from the September 1st high of $26,137.37. Note that Bitcoin has been able to retrace its steps from that $24,871.78 inverse head’s intraday low on September 11th, back towards ... (full story)