BTC PUSH DOWN TO $16,500

With the FOMC news being released today , I will be anticipating a break of the previous lows to liquidate buyers in that region. This is where we will be anticipating a local bottom to form when the majority expect it the least.This will be tangent on how long we range after the low is taken at $17,500 but my bias is valid as long as we don't break to the upside from this pennet formation which is less likely due to previous momentum.