DrJLT

Bitcoin: will it double-top?

DrJLT Updated   
BITFINEX:BTCUSD   Bitcoin
As charted is the question

Supporting this hypothesis:

  • Overbought
  • Death cross
  • Inverse H&S target reached
  • 200D & 350D MA resistance
  • Lots of hope & bravado from bulls
  • Still no volume

Target? 3k

Best entry would be 8.5k (look at the green 200D SMA on this chart)

Personal opinion only
Comment:
either it goes down from here or, more likely, there's one last bounce:


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