Double top on the daily chart. The order book on Bitstamp still looks bullish. But that double top may be problematic for bulls.
"The pattern is completed when the security falls below (or breaks down) the support level that had backstopped each move the security made, thus marking the beginnings of a downward trend.
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http://www.investopedia.com/university/charts/charts4.aspA double top is an M not a U it has to break back down past the point of support to be a double top. If it fell to around $420 you could call it a double top...
well, it wouldn't really make much sense to wait for the formation to be confirmed in that case, if you were trying to profit on the move from the top to the neckline... fwiw, i kind of think it will play out like a double top.