To the untrained eye,
Peaks are higher & we're trading ABOVE resistance levels.
IMO there is NO #BTC double top!
Yesterday #Bitcoin formed an OUTSIDE DAY (this is a so so pattern)
$ Flow is not great but the RSI is still HEALTHY!
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Futures #BTC look a little better than Spot, shorts covered already!
Strength here is better than last peak by far!
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Inverse Head & Shoulder patterns are BULLISH but best at bottoms.
Spot
Drew the "expected" lines on the last chart.
#Bitcoin is trading very different and this has been true for some time now.
Many are making calls but are getting it wrong because of this, IMO 80-100k this year.
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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.