Here's the bigger picture just in case those who saw my last posting couldn't work it out . MACD study of two double tops. Chart is looking a bit wrecked, but the only way I could show full MACD study. So far it looks to be working out well. I've also updated some of my earlier yellow lines to better reflect accuracy etc... Hope the visual is self-explanatory.
Note
Update just posted my latest post entitled "Death of the Bears. Worst case scenario Y/N". My most recent worst mistake was going bull with stop at $8,150, and getting caught in a bear trap. Can't win all the time.Note
When drawing the top diagonal yellow line for the first double top it may have been better to used the peak when price reached near $20,000. Could adjust the lower one too. Was doing it in a hurry. Visual study of market morphology is not always easy. Using the other peak would make an interesting line running the whole length of chart to the present day.Note
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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.