8am NYC time approaching.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin marked its first red candle in 8 days the previous day. A small uptrend immediately proceeded but BTC took a big tumble beginning shortly after 8am UTC . The market is taking pause right now, likely in anticipation of 8am NYC. Expecting selling to continue throughout the day.
Comment: It was unexpected that BTC would rally after 8am NYC hit. I expected a large move but anticipated a continuation of the short term move down. Now, I'm waiting to see if some solid support emerges higher up than previously thought.


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