I recognize this setup as the the Rounding Top Reversal and the market makers enjoy using this technique as was explained on the graph below from March 8
On the flip side this Rounding Top Reversal is cancelled if BTC is able to close back above the dashed line at 46588.
and this will indicate that price is going to move back higher
On the flip side this Rounding Top Reversal is cancelled if BTC is able to close back above the dashed line at 46588.
and this will indicate that price is going to move back higher
Note
Whats i find very interesting is that the market makers have set up the move down so it coincides with the Gapfill shown on the graph below at 44595 . These guys are very good . 
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.
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.