BEARISH DIVERGENCE ON A DOUBLE TOP - BTC NEEDS TO TAKE A BREATH
Just demonstrating the bearish divergence present on the double top BTC has formed on the daily candles.
Long term trends seem to outweigh short term predictions.
As someone deeply invested in BTC and it's future, I want to see the asset appreciate. I also want it grow without tumors and steroids - if you believe in the 100k+ future of BTC then you should be interested in seeing a pullback here that would solidify a floor and a trajectory for BTC's upcoming future. The current trend is too parabolic and has been resisted multiple times, I believe it to be statistically unlikely to continue to see BTC rise much above the current price of $19,500 in the coming weeks.
A good future entry is in and around $16,000 - reference the Fibonacci retracement.
Best of luck.
Long term trends seem to outweigh short term predictions.
As someone deeply invested in BTC and it's future, I want to see the asset appreciate. I also want it grow without tumors and steroids - if you believe in the 100k+ future of BTC then you should be interested in seeing a pullback here that would solidify a floor and a trajectory for BTC's upcoming future. The current trend is too parabolic and has been resisted multiple times, I believe it to be statistically unlikely to continue to see BTC rise much above the current price of $19,500 in the coming weeks.
A good future entry is in and around $16,000 - reference the Fibonacci retracement.
Best of luck.
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