TOTAL setting up double top?
I don't think traders are going to have an easy time getting to all time highs the way the hype suggests. We've broken an obvious trendline but are about to run into a neckline that may be tough to crack.
To me it looks like a set up for a double top / dead cat bounce down much lower.
In my opinion we will dump towards the later stages of the month followed by a small relief rally until the "When in May walk away" time comes around again for real capitulation..
On Bitcoins CME chart there sits a gap down at about 11,000 give or take. It remains the only gap lower on the chart and could easily fill barring a news event..
Until we break higher highs on total... Be very cautious
To me it looks like a set up for a double top / dead cat bounce down much lower.
In my opinion we will dump towards the later stages of the month followed by a small relief rally until the "When in May walk away" time comes around again for real capitulation..
On Bitcoins CME chart there sits a gap down at about 11,000 give or take. It remains the only gap lower on the chart and could easily fill barring a news event..
Until we break higher highs on total... Be very cautious
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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.