double top very likely

Тема в разделе "English", создана пользователем Trading Ideas, 27 сен 2020.

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    double top very likely
    Bitcoin / TetherUS BINANCE:BTCUSDT
    gNnairdA
    yj52KPZN_mid.png
    For an overview we are above the 2 year trendline so this is very bullish overall
    idea-image-placeholder.svg

    zooming in we bounce off this trendline multiple times
    idea-image-placeholder.svg

    Now on the closer as of this moment price action suggests we are going up however I am doubtful it will pass 11200.
    Time will tell if it will break or not, which will highly depend on the market does this coming week.

    It is unlikely to break as we have the following
    1) downward trendline
    2)horizontal resistance + hns neckline
    3) golden fib resistance

    The orange path is the likely path imo, but of course if I am wrong then playing for the retest would be the way to go.
    idea-image-placeholder.svg
     
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