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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