Possible Double-Top Bearish Scenario?

Mar 10, 2018

Looking at the 1d candles here it looks like there could be a sloppy double-top which may have just recently broken its neckline on the way down indicating our little bullish recovery may experience rocky times to come. This could easily be very wrong; the next week is absolutely critical for the validity of this trade.

I use bitmex for data because they have insanely high volume. notice the fibs as well.

I have this listed as short but I don't think I'll be trading on it just yet.

Cheers all

Mar 10, 2018

Note

well shit i didn't realize it would look like this with the text after published.

purple line is the potential double-top, red-line is the neck-line which is currently broken but could possibly rebound and make this prediction dead

Mar 14, 2018

Trade active

Lets go!

Apr 7, 2018

Trade closed: target reached

no formal target but we're closing.

this is make or break territory for bitcoin, so I don't feel comfortable with a short.

Jun 8, 2018

Trade closed manually

this didnt work