Bitcoin double top
We saw a good double top, so I expect some more down movement here !
This just looked like a correction wave to me.
Rsi is also high
Mac d is not crossing yet, but it rises
First target 6k
-------------- if we break this, if not we can test the trendline again (@ around 8.7k).
Second target 5k
-------------- if we break this
Third target 4k
I would recommend to use a stoploss slightly above the fib 38,20%
This just looked like a correction wave to me.
Rsi is also high
Mac d is not crossing yet, but it rises
First target 6k
-------------- if we break this, if not we can test the trendline again (@ around 8.7k).
Second target 5k
-------------- if we break this
Third target 4k
I would recommend to use a stoploss slightly above the fib 38,20%
Note
Triple top then ? or a breakout ?
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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.