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Btcdoubletop

What are we seeing ?? Bear or Bull in the rise.... ????Hi guys just wanted to get some opinions on what everyone things what will be the move of BTC. Very unclear what's going on on the market at the moment. Be careful and do not over trade if you don't have any confirmations. Happy trading people (No financial advice) DISCLAIMER The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
by CryptoTraderRetired
2
BTC Double TopI previously posted about BTC and a hypothetical double top formation. Now it seems that I might have been correct I was just incorrect on the timing and the scale of the formation. MACD RSI are both looking up, we will go back up and test the resistance. However I still predict that we will not make it over this barrier as it is quiet large! Just take a look at some of the order books on exchanges, major resistance still around the 9k mark. The trend line I drew previously for the MACD seems to be holding. I think it will continue to bounce around on it's way up and the inevitably down. Target still the 5-6k mark. I'm just waiting. As I stated before, I would rather miss out on some profits"" by waiting and buy a floor or a break out than somewhere in between. I am not a financial advisor and this is not financial advice. Thanks for your attention and best of luck, X
BITSTAMP:BTCUSDShort
by dereckmezquita
7