BlackBirdTrading

BTC local top

BITSTAMP:BTCUSD   Bitcoin
Hello Birdies,

As per my chart this should mark the local top for BTC and we should visit our breakout area which is around 42360.

The Horizontal line above is the left shoulder of the double top of the BTC and its fib channel 78% too we have some level of confluence there. Let see how it gonna react.

Thanks
Comment:
On my other BTC chart I am also seeing a trendline which was menat to be support but flipped to resistance and now the price is retesting it. Another let see how the price gonna react. BTW the line is 1.618 on fib channel


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