TomProTrader

BTCUSD: Stalling At key Level Important Correction #Bitcoin

Short
BITSTAMP:BTCUSD   Bitcoin
14
Traders

Afteran upmove into the demand level, the trend has stalled, and we stalled again giving us a double top at demand. We have multiple reversal candlestick patterns at the top of the range, showing us graphically where the bears were going to step in.

There is a Butterfly possibly in play, with the PRZ#1 and expiry some distance away, so we won't see them until the future, however, the bears might start putting pressure to the downside towards these levels. Will update in the future.

Best of luck
Tom

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