BTC forming Double Top as well as testing key resistance
Two things happening right now,
1). BTC Forming Double top on 1D chart
2). A major horizontal resistance level is getting tested.
These 2 things indicate that we are going to see a pull back in the coming days, once we hit 45.5k to 46k level.
How much can we pull back?
BTC will retrace back to the trend line it broke a few days ago, that retest is essential.
Conclusion:
There is a nice short opportunity at this key level, as a pull back can be seen on charts.
1). BTC Forming Double top on 1D chart
2). A major horizontal resistance level is getting tested.
These 2 things indicate that we are going to see a pull back in the coming days, once we hit 45.5k to 46k level.
How much can we pull back?
BTC will retrace back to the trend line it broke a few days ago, that retest is essential.
Conclusion:
There is a nice short opportunity at this key level, as a pull back can be seen on charts.
Nota
Update: If we see a consolidation happening at 45 to 46k level, then that would be a bull flag formation and it would not be wise to open short
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.
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.