Bitcoin Bullish Triangle Or Double Top
Updated
Seems to be a real fight going on now between 9250ish and 9400. Some games being played by a few whales, but it's starting to look like a real fight between them, so not working together. Past 2 hours don't make any sense otherwise. So it feels like a very big move is about to happen.
The triangle is still in play, where it normally should test the support again and then see the bulls buy it up one more time. If the 9250 breaks the triangle support will prob be tested. If that one fails, we could see a drop to the double top neckline around 8800/8900. If that happens with high volume, it will be very likely to see another drop to 8200/8400.
That channel in the middle, something i have shown today, seems to be in play at the moment. Because the past few hours it kept bouncing up from it after seeing those wicks below it. Also a sign that a real fight is probably going on here.
Previous analysis:
The triangle is still in play, where it normally should test the support again and then see the bulls buy it up one more time. If the 9250 breaks the triangle support will prob be tested. If that one fails, we could see a drop to the double top neckline around 8800/8900. If that happens with high volume, it will be very likely to see another drop to 8200/8400.
That channel in the middle, something i have shown today, seems to be in play at the moment. Because the past few hours it kept bouncing up from it after seeing those wicks below it. Also a sign that a real fight is probably going on here.
Previous analysis:
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