Crypto
Crypto trading challenge (BTC SHORT)took this trade earlier, my poi will be towards 16500's for now to start looking for any longs !
i try to stick to basic pa with minimal help of technical analysis for taking all my trades. also , for this trade, i had set a limit order because it was a high conviction setup even though usually im against it.
will keep updating the challenge here occasionally!
Want to see double top reversal ==> Here it is Bitcoin!!!!Double Top in Bitcoin
Crypto market has shown bull and bear cycle in very short span of time.
From rising from 10000 usd to 69000 usd and from 69000 usd to 16000 usd in span of around 2.1 years
I think it is fastest reversal of any new tradable market.
Double top means making almost two equal highs and failure of bull to make new high while bears pressure of continuous selling makes this pattern.
Neckline is where bitcoin has taken support as seen in chart.
Generally target from top to neckline is expected in double top.
Let us see whether bitcoin makes new low from now to reach target as marked in chart.















