Updated

Bitcoin, this double top is not a bullish sign

Bitcoin just formed a double top on its way up to the 13K. This may be the 2nd shoulder of the descending H&S. The double top comes also on the support just broken.

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But I have still have hope because the 75 SMA is running horizontally and the double top formed above. Let's see how it react on support.

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Lot of bearish preassure though...dont know if it will hold again

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So far it is hodling. lol

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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.