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Bitcooin

BTCUSD 1hr notes: *BTC is currently on a downtrend on the 1hr (short-term sell pressure) *Clean Head and shoulder pattern (sell) 4hr notes: *BTC is currently in a downtrend of the 4hr *BTC clearly broke down below the triangle *Currently sitting at the bottom of the 4hr breakout zone Daily notes: *HUGE Head and shoulder pattern!! TARGET: 20,000 *HUGE bearish pennant pattern !! TRAGET: 16,000 Weekly notes: *BTC did a nice correction. the following move should come a bounce back to the upside. *if BTC remains under 38,000 look to SELL *if BTC close this week below 30,000 this confirms a weekly downtrend. overview: *BTC remains to fall. *respect the trend! BTC is becoming bearish *if BTC can not maintain above 32,000 price may drop.
BITSTAMP:BTCUSD
by nikdobii