fifty2kph

Bitcoin: Broken Uptrend Lines + Meh Volume = Going Down? $BTC

Short
BITSTAMP:BTCUSD   Bitcoin
Just looking at patterns on the 4hr chart and I noticed since Bitcoin has dropped from the 6K prop-up, every time it's tried to muster enough energy to rise it fails and goes down further, seems very weak and not enough wind beneath its sails (it's a ship now, not a kite, apparently). The only volume evident is selling volume.

An interesting observation if nothing else, thought it was worth a share. I was originally only going to do long term charts, but this pattern finding seems quite addictive.

Any comments or questions, fire away down below, cheers.


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