Double top spotted on the 2H
Just a quick update to my previous BTC idea, spotted a double top on the 2h time frame. 5800 is proving to be a pretty big resistance zone, something to bear in mind. MACD still bullish but 4h Stoch is heading down. The 1d is still very bullish and has plenty of room to go. Much needed consolidation is taking place which is great. Looking at price action since the beginning of April we made a third higher high at 5800 which is very positive. My view hasn't changed, we will pause here around the 5700 level and range for a bit. A drop below the neckline & EMA is always a possibility but I don't believe it would be severe or long lived. If it does drop though, have a stop loss ready just in case. Simple.
Remember, always DYOR
Remember, always DYOR
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