Route 1: double top at 9700
Route 2: new high (probably break 10000) and sideway for a few days then crash (the bar pattern on the right are the rally after Bitcoin broke log-chart triangle in 2014.
So short-term still bullish until 9700. I don't think it will go higher than 10600.
Route 2: new high (probably break 10000) and sideway for a few days then crash (the bar pattern on the right are the rally after Bitcoin broke log-chart triangle in 2014.
So short-term still bullish until 9700. I don't think it will go higher than 10600.
Nota
The second top is much lower than I expected. Now it is moving to 8700-8800 level to find support.Nota
This could also be a preparation for 10k pump if you read it as a huge bull flag on day chart. The decreasing of red volume makes it looks like a bear trap. Anyway, still need to wait more to confirm.Nota
Although it breaks to the upward, the huge selling pressure keeps it below 9300. This is not a trading zone.
We don't trade patterns. We draw them.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
We don't trade patterns. We draw them.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.