Bitcoin potential double top reversal - TP ~$7.9k

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Bitcoin (BITFINEX:BTCUSD)

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BITFINEX:BTCUSD Bitcoin

supportandresistance trendline doubletoporbottom bitcoin btc btcusd btcusdt xbt xbtusd

BTCUSD is showing a potential double top reversal here. if labeled support is broken, target level is around $7.9k

additionally, we have:
bearish divergence on volume
bearish divergence on MACD & its momentum oscillator
bearish divergence on RSI

AND (this is very important):
koreans and japanese are nowhere to be seen in this secondary pump. USD spot price has diverged hugely from its KRW and JPY counterparts.

trade at your own risk.

Komen:

at this point, it's looking like the market is ignoring the reversal signal (yet again), but we'll see

Penafian

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