Not used any technical analysis yet, But BTC mostly follows the previous patterns. BTC just got rejected by the heavy support and created the double top chart patterns.
In the past, we saw a downtrend when this pattern was formed.
This is not to spread the negativity in the market, although I'm also bullish on BTC on a higher timeframe. But to be aware of what position you are holding, tighten your slow loss so that you don't attract loose.
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.