Double top ready to pop!
after a long green leg I'm expecting btc to correct down to the bottom of the channel.
It is also a good moment to correct to take some energy for the next breakthrough test.
* this is just my opinion, just for educational purpouse
It is also a good moment to correct to take some energy for the next breakthrough test.
* this is just my opinion, just for educational purpouse
Note
red zone is bearish downtrendgreen zone bull uptrend
in between is the limbo of the zigzag, pump dump, I stay away!
Note
volume still very low compared to the past -> liquidity problem due to missing marketNote
if yellow circle zone then possible ascending triangle (bull trend) to breakthrough the resistanceNote
number of btc longs still increasing and shorts are decreasing....
Note
now is a triple top!Note
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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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.