The bears may be back for #BTC. From the 15min Time-frame I spotted a possible Double Top formation. Bitcoin failed the test of 61.8% Fibonacci Level. There has been an increase in Bearish Volume & pressure. Price touched Profit Level 1 as I was typing this. I'm expecting more bearish sentiments towards the 50% Fib level. My Stoploss is set above the 61% Fib Resistance Level. What are your thoughts on Bitcoin this week?
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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.