goodgavemethis

Big Double top on BTC + volume spike

goodgavemethis Updated   
BITFINEX:BTCUSD   Bitcoin
Hello world,

- what we see here/seen the last weeks is a double top forming. After it passed the RED trendline the double top will be confirmed
- ALSO there is a big red volume spike similar to the spike we seen at the big downtrend after the all time high
- from that level BTC is likely to move more down

- I am not a financal adivsor, please keep an eye on the double top confirmation/support and make your decisions

Good luck!
Comment:
And also please! Binance is no factor for this..
Trade active:
As we see BTC is consolidating slowly and i would imagine it is forming the double top next hours, be aware!
Also this would be an ABC correction of the previous uptrend
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.