Good Morning Bitcoiners,
Buyer are in trouble and seller are keeping the pressure on.
Bitstamp data shows a potential continuation of the down trend. At the same time the buyers are trying to create counter trends so the can deny the previous pattern and push the price towards $384,55.
We have over extended trends in the weekly and 3 days charts which can benefit potential counter trends if the buyers volume shows up during the next 24 hours.
With bitfinex we can have a the opportunity to short the currency but right now the down trend is over extended and based on our experience we don't see bearish pattern that can benefit our plan to enter the market.
Potential Lower High Failure give more than is we decided to go and short the currency.
http://youtu.be/S3YX-IJ08Kk