Get started
Dani118

Potential Bitcoin Double Top

Short
Bitcoin (BITFINEX:BTCUSD)  
Dani118 Updated   
BITFINEX:BTCUSD   Bitcoin
Chart Patterns Trend Analysis BTC BTCUSD Bitcoin (Cryptocurrency) bitcoinprice bitcoinusd bitcointrading
0
0
chartpattern trendanalysis btc btcusd bitcoin bitcoinprice bitcoinusd bitcointrading
BTCUSD seems to be forming a double top, i think we could re test down to 6K and make another highier low or go down to 5.5-5.7K and continue on a downtrend, we still have not made a highier so the downtrend is not over yet
Comment:
The double top was playing out until the RSI hit the upward trend line and bounced, we are gonna test resistance and possibly breakout to the upside but nothing confirmed yet :D

snapshot
Trade closed: target reached:
Trade closed: target reached:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.