Hi everyone ๐๐ฝ
๐ Wish y'all have a profitable lifestyle ๐
๐ BITCOIN /USDT H:4 Chart - Heiken-ashi
๐ PRICE ACTION - Fibbo - Double-Top
๐ Bitcoin may create a double-top after filling the first target of bullish-flag
โ๐ผ Straight to the point, Bitcoin may create a possible double-top in H:4 and daily time-frame which can lead the price again to the 44-45k zone
โ๐ผ After the vast internet shutdown and failure of centralized plat-forms such as Facebook , WhatsApp and Instagram; Bitcoin and other crypto currencies pumped big in just less than a day.
โ ๏ธ However, from technical-analysis point of view I am just concerned about a double top at 53k price zone.
โ๐ผ If the scenario 1 fails, of course BTC is going to see the 57-58k price zone more easily than everyone thinks.
โ ๏ธ RSI in H:4 looks so much in overbought position; more than 80-85 RSI is such a dangerous zone.
LINK OF MY BULLISH-FLAG TA IS AVAILABLE BELOW, PLEASE CHECK IT OUT
THIS IS NOT A FINANCIAL ADVICE, IT IS JUST MY OPINION