The_Chart_Whisperer

Bitcoin: Double Top

Short
BITFINEX:BTCUSD   Bitcoin
It appears a double top may have formed and could take us down to $7,500.
Comment:
I believe this is a back test of the broken neckline of the double top. The strongest chart patterns don’t back test. This gives us an indication of how strong the battle is between the bulls and the bears.
Comment:
Down we go...
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