Bitcoin making a double top pattern
My personal opinion is that by the middle of 2022, Bitcoin might complete a double-top pattern going to lower levels than it is now.
Neck with baseline on the 32K may serve as a rebound support line to recover a little bit before falling deeper (Path 2) or it may cross the neckline seeking an old support on the 10K (Path 1).
I don't think it would be forming a H&S pattern (peaks are almost on the same level), and this is very similar to other textbook double-top patterns formed in the past.
I am hoping to be wrong on this analysis but sometimes we need to accept our fate.
Do your own research. Not a professional advice.
Neck with baseline on the 32K may serve as a rebound support line to recover a little bit before falling deeper (Path 2) or it may cross the neckline seeking an old support on the 10K (Path 1).
I don't think it would be forming a H&S pattern (peaks are almost on the same level), and this is very similar to other textbook double-top patterns formed in the past.
I am hoping to be wrong on this analysis but sometimes we need to accept our fate.
Do your own research. Not a professional advice.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.