Short
Triple top on BTCe and head & shoulders on Bitstamp/huobi/btcchi
Previously I have covered on the triple top on the 30 minute trend which suggest a further decline down to $620.
tradingview.com/v/5rIFiiI2/
Now that the decline have been completed, coupled with a rally yesterday. A closer look into a 2 hour trend does suggest another triple top on BTCe, whereas head + shoulders on Huobi/BTCChina/Bitstamp.
Both formation will most likely lead to another further decline in price down to the 560s.
Head+Shoulders: tradingview.com/v/q3nV14D3/
tradingview.com/v/5rIFiiI2/
Now that the decline have been completed, coupled with a rally yesterday. A closer look into a 2 hour trend does suggest another triple top on BTCe, whereas head + shoulders on Huobi/BTCChina/Bitstamp.
Both formation will most likely lead to another further decline in price down to the 560s.
Head+Shoulders: tradingview.com/v/q3nV14D3/
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.