BitcoinUpdated Bitcoin local top: double top & declining volume
I´m not shorting this against the overall trend, but if we don´t see the bulls coming out of the woods in the next 4h, I think we have some downside ahead of us.
7600 is the first relevant resistance where I want to see a good bounce, otherwise we might go south some more.
--> I have my buys laddered in this area and am currently flat.
7600 is the first relevant resistance where I want to see a good bounce, otherwise we might go south some more.
--> I have my buys laddered in this area and am currently flat.
Note
Update 1: This did age very well. 7350 1st resistance above.Will see how this develops but after a violent move like this I´d expect actually at least one more leg down. Buying volume is not convincing so far. Futures gap at 6400 is closed.
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.
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.