BTCUSD – weakening structure on 1H time frame
Bitcoin / Dollar BITSTAMP:BTCUSD
As labelled on the chart, there appears to be a weakening of the structure of a bullish rebellion that has occurred over the last few days. I expect further oscillation and more weakening based on the current evidence. Price could well return to the 12000 mark with a weak structure. Personally I’m short with a reasonably wide stop-loss. This is not a recommendation.