TOTAL setting up double top?
I don't think traders are going to have an easy time getting to all time highs the way the hype suggests. We've broken an obvious trendline but are about to run into a neckline that may be tough to crack.
To me it looks like a set up for a double top / dead cat bounce down much lower.
In my opinion we will dump towards the later stages of the month followed by a small relief rally until the "When in May walk away" time comes around again for real capitulation..
On Bitcoins CME chart there sits a gap down at about 11,000 give or take. It remains the only gap lower on the chart and could easily fill barring a news event..
Until we break higher highs on total... Be very cautious
To me it looks like a set up for a double top / dead cat bounce down much lower.
In my opinion we will dump towards the later stages of the month followed by a small relief rally until the "When in May walk away" time comes around again for real capitulation..
On Bitcoins CME chart there sits a gap down at about 11,000 give or take. It remains the only gap lower on the chart and could easily fill barring a news event..
Until we break higher highs on total... Be very cautious