BITFINEX:BTCUSD Bitcoin / Dollar
The neckline of the triple top has been breached along with the the orange ascending wedge. These are strong sell signs, especially when considered with the possible ABCD which predicts movement below $550. If $550 support is breached we could see a move all the way to the bottom of the red channel. However, if we see the formation of a double bottom near $561 soon this could indicate a rebound to the top of the red channel.