BitcoinShort
Bollinger M-Top is cooking on the 3-day Bitcoin chart
The Bollinger M-Top is basically a double top pattern, where the first top deviates from standard range and the second top stay inside. The pattern is usually confirmed by a divergence in the RSI - which is also present currently. Target is usually the lower deviation level of the Bollinger Band indicator.
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.