XBTUSD Breakdown
Updated
1D 20MA has always been a decent indicator and I believe that here is no exception. Red support indicate potential bounce areas. My accumulation zone is indicated by the green box. Bottom of the box is 80 percent correction starting from ~3200 while the top is 80 percent from the iTriangle breakout which I feel is a more accurate starting point for the past months' advance. Mentally short but am currently not holding anything at the moment. Will FOMO back in around 11100 with decent volume.
https://twitter.com/yyyyeeeeesssss/status/1150354575137918976?s=20 Not really a double top in hindsight but oh well. Interesting meme line pattern
https://twitter.com/yyyyeeeeesssss/status/1150354575137918976?s=20 Not really a double top in hindsight but oh well. Interesting meme line pattern
Note
~7500 second week of September. Some range play between 9 and 10.8k maybe. I don't think we need to repeat the chart pattern of last year, but I think a slow, or rather not so immediate, crash to the next support could happen especially if volume continues to dwindle
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