BTC - Possible move down to 95xx if no bounce at 98xx for BITSTAMP:BTCUSD by mycotoxin

Trend Analysis

trendanalysis

BTC - Possible move down to 95xx if no bounce at 98xx

Comment:

This looks like BTC can move further down at least to the 9816 area

Comment:

if BTC moves back above 10158 then its moving back up higher - if BTC does not move above 10158 it can dump back lower

Comment:

If BTC breaks lower than 9816 , this will form the right shoulder of a " head and shoulders" down to 8750" - best use a stop-loss at around the 9700 mark.

BTC- Possible head and shoulders to 8750 If BTC breaks 9816

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