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trentrehnquist

BTCUSD LOOKS LIKE A LARGER CORRECTION MAY BE IN STORE

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Bitcoin (BITSTAMP:BTCUSD)  
trentrehnquist  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns
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trendanalysis chartpattern
BTC has tested the resistance at 57,555 two times to be rejected. BTC made a bearish move out of the rising wedge it has been in since the correction last night. BTC is looking awfully bearish with waning volume. The momentum with BTC has been waning for the past month. A larger correction is looking more likely before a return to a more bullish pattern returns. If it happens, this will be an opportunity to get BTC at a more affordable price. This is not trading or financial advise, just obervations.
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