Hi, as we can see, the H&S neckline has been broken and is now retesting around the Fibonacci 0.618. Also RSI presence hidden bearish divergence.
Further confirmations are expected at shorter timeframes.
This is not investment advice :)
Hi, I have a question about the double top.
Assuming as an example that the neckline of a double top is at a price of 50. This is broken by a candlestick where its spike closes at 48 but its body remains at 51.
Now, the question is: does the pattern break happen when a candle closes below 50 or does it have to go above 48 as well having created a new support...
My idea on BTC is based only on technical analysis.
BTC is going to 26k as you can see from bearish flag and Fibonacci's retracement and then go down till 10k.
Let me know your idea :)
According to chart, BTC is in an ascending channel.
BB% is really low and the MACD's histogram decreasing.
This is not a financial advice.
Protect your money :)
