TomProTrader

BTCUSD-Update: Stall At key Level Important Correction #Bitcoin

BITSTAMP:BTCUSD   Биткоин
11
Traders

After an up move 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 there is a potential for it in future.

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Best of luck
Tom

Thank you.
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