Bitcoin - Possible Double Top (Bearish) formation
A Possible Double Top formation (A Bearish foramation).
Could mean a quick pullback to $8,000 to $9,000 Range (previous support and resistance level).
Moving Average Indicator is about to cross (more sellers than buyer).
RSI show Bitcoin is over brought.
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It will be interesting to see what will happen in the next several days
Could mean a quick pullback to $8,000 to $9,000 Range (previous support and resistance level).
Moving Average Indicator is about to cross (more sellers than buyer).
RSI show Bitcoin is over brought.
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It will be interesting to see what will happen in the next several days
Note
Double Top has been reached. If Bitcoin falls below $10,000, it would indicate an aggressive pullback.Note
If fall below $10,000 == pullback, if hold above $10,000 == rally to $13,000
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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.
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.