Based on the picture, the double top has been formed, and the third waves that tried to retest the supply zone also failed to break the Supply area.
Do the candlesticks formations marked with small rectangle, indicate that bearish will take over?
2 Weeks ago Btc is rallied and break the previous $4200 Resistance and touch the $5300 area.
And after one week of sideways. I see a probability for BTC to drop to certain level , because
1.BTC unable to hold the $5200-$5300 level
2,That grey channel on the left already broken by the price.
3.A signal confirmation on the right already formed
So i think Short...
Technical analysis is a subjective area, when a person point of view can be different with the others .No traders are wrong when they opened (a) position(S) based on their analysis until the market proves em wrong
However based on what i spotted in DogeBTC weekly and monthly chart , i am assuming DOGE/BTC is forming a "Bottom" Diamond pattern , which can be...
