alexcrypto

$BTCUSD - Adam and Eve double top forming leading to correction

BITFINEX:BTCUSD   Bitcoin / Dolar
We start to see a formation of an Adam and Eve double top .

It is quite early to clearly see this pattern but volume and indicators suggests the likelyhood of seeing this formation.

The pattern will be confirmed when the neckline is broken at 12,750 dollars.

All indicators have bearish divergences and pointing bearish .

Bullish scenario

If we fail to produce this double top pattern we might see a break and a retest of 17,500, if we break it with solid volume (unlikely before) we might see a definite push to 20,000 dollars.

Fundamentally the launch of the CME futures on monday might play a role and push the price higher as we saw with CBoe             futures but conisdering that CME will be a much bigger futures market we might see much higher price movements.

Trade safe.
Komen: Broke the double top formation. Retested already the 17500. Most likely higher.
Hi Alex, Do you think this will affect iota? if so in what way, and if i were to sell iota and btc what would you sell it for? Cheers mate and i love your work.
+1 Balas
@dico2020, Will publish an analysis for IOT/BTC soon.
Balas
dico2020 alexcrypto
@alexcrypto, Awesome mate look forward to it.
+1 Balas
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Laman Utama Pengimbas Saham Pengesan Isyarat Forex Pencari isyarat mata wang Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar