Bitcoin Price Double Top

Bitcoin price has made a double in the BTC/CNY exchange charts and we might see a trend reversal today. However, the USD exchange charts do not confirm the double top pattern and we examine the confirmation signals for trade.

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Bitcoin Price Analysis

Time of analysis: 15h05 UTC

OKCoin-CNY 15-Minute Chart

OKCoin-CNY 15-Minute Chart

From the analysis pages of, earlier today:

A partial outcome for our expectations but we still do not have sufficient price action to determine whether trend will continue higher or if it has now reversed.

The CNY charts printed a double top but Bitstamp, Bitfinex and the OKCoin USD charts show a new high today. Meanwhile, BTC-e is not following the other exchanges down and is still holding its level above $270. So a mixed picture in the charts.

The current declining

Read more ... source: TheBitcoinNews