Bitcoin (BTC) the bigger picture !

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We have mentioned our long term view on BTC several time, starting from January 2018. So far BTC is pretty much inline, confirming several key level we have posted before.

Sounds like BTC loves the double top pattern. We have seen two double tops in daily chart and both broken the support line. Please refer to the charts we have posted before. We have noticed the double top reversal pattern very frequently in BTC Daily/ 4hr and 1 hr charts. That pretty much provides the insight of psychology and behavior pattern in BTC

We did not post anything in last one week or so and that primarily because there was nothing much to post.

Now coming to double top again, we see another double top in formation in Weekly Chart with support line at 6000 level.We expect a lots of consolidation and power building pattern at that level. If the support at 6000 is broken BTC could be well below the 1000 level... a key level to watch...


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