BTC → Analyzing the Possible Breakdown
Updated
hello guys...
As evident in the chart, Bitcoin is displaying a divergence in the Relative Strength Index (RSI) indicator and has also formed a double-top pattern. However, the decisive downward movement has not occurred yet due to the fact that the neckline of this double-top pattern has not been broken.
If the neckline breaks out, consider entering a short position and placing the two designated targets as illustrated in the image.
_______________________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
As evident in the chart, Bitcoin is displaying a divergence in the Relative Strength Index (RSI) indicator and has also formed a double-top pattern. However, the decisive downward movement has not occurred yet due to the fact that the neckline of this double-top pattern has not been broken.
If the neckline breaks out, consider entering a short position and placing the two designated targets as illustrated in the image.
_______________________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
Comment
target 1: 23070target 2: 21500
Comment
touched the neckline
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bit.ly/HYCM-M
__________
Join the platform I trade on and get up to a $500 welcome reward!
bitmart.com/invite/cjmwja/en
__________
My telegram channel:
t.me/melikatrader94
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