BitcoinShort
BTC Double Top?!
We're in a potential double top pattern.
This does look bearish to me, especially with so much uncertainty in the news. We did see a multi-rejection of the top zone ~2 weeks ago.
IF we close below the NECK LINE, that will be confirmation of the pattern. I will look for entries to SHORT down to the liquidity gap; close shorts at ~78,000.
If we close a daily candle above the TOP LINE I will be looking to enter LONG positions.
This does look bearish to me, especially with so much uncertainty in the news. We did see a multi-rejection of the top zone ~2 weeks ago.
IF we close below the NECK LINE, that will be confirmation of the pattern. I will look for entries to SHORT down to the liquidity gap; close shorts at ~78,000.
If we close a daily candle above the TOP LINE I will be looking to enter LONG positions.
Note
Instagram post of this trade setup:
instagram.com/p/DFocH1WvrHO/
Note
Instagram post of me trading this range 6 days ago:
instagram.com/p/DFl5shZPT_h/
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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.