Are we about to smash past all time highs or will BTC put in a double top pattern?
It’s too early to say, but what I’m looking for here on the bearish scenario is a break to all time highs to squeeze out the shorts, followed by a swing failure pattern, grabbing as much liquidity before the double top pattern is confirmed.
If the bullish volume smashes past all time highs, I would be very careful trying to short.
Not financial advice, do what’s best for you.
It’s too early to say, but what I’m looking for here on the bearish scenario is a break to all time highs to squeeze out the shorts, followed by a swing failure pattern, grabbing as much liquidity before the double top pattern is confirmed.
If the bullish volume smashes past all time highs, I would be very careful trying to short.
Not financial advice, do what’s best for you.
Trade active
New ATH, wicked past the previous high. Short entered at $109,800. Tight stop loss
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.
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.