NextLevelCrypto

Short opportunity on the 1h chart

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
At the current moment i definitely see an opportunity to short Bitcoin .

At 06:00 o´clock UTC a "Piercing Pattern" occurred.
The white candle penetrated more than 50% inside the previous dark candles body.
The volume was pretty weak though, what shows us a weak bullish pressure.
The next candles had low volume as well.

At 11:00 o´clock UTC a "Bearish Engulfing Pattern" occurred, which was confirmed by a strong volume .

So i see here a likelihood of a price drop towards the range´s support line.


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