BitcoinShort
Bitcoin possibly finding its top, see you at $39,000?
There are many signs now in the mix that would make you think Bitcoin has finally found its top. But with the market like it is nothing is certain especially right now. But for those who would like to see the possibilities ahead in a bearish point of view here you go.
Point 1: We are in a huge RISING WEDGE that has been broken down out of and finding resistance at our old demand line.
Point 2: Depending on how you look at the price action there is also a 2nd rising wedge lol. SEE BELOW https://www.tradingview.com/x/Eom8i9LS/
Point 3: Within POINT 2 there is also the possibility of a BEARISH CRAB PATTERN. SEE BELOW
https://www.tradingview.com/x/wjLXQkvY/
And last but not least POINT 4: TRIPLE TOP SEE BELOW
https://www.tradingview.com/x/B4oF8fbV/
So, I've made my point, and I am in no way saying to short this asset because obviously the trend is crazy strong so who knows what could happen. But I tend to think that with the great discount we have on equities at the moment there will be a change and crypto will go through a stronger correction before it picks back up. Good luck traders.
Point 1: We are in a huge RISING WEDGE that has been broken down out of and finding resistance at our old demand line.
Point 2: Depending on how you look at the price action there is also a 2nd rising wedge lol. SEE BELOW https://www.tradingview.com/x/Eom8i9LS/
Point 3: Within POINT 2 there is also the possibility of a BEARISH CRAB PATTERN. SEE BELOW
https://www.tradingview.com/x/wjLXQkvY/
And last but not least POINT 4: TRIPLE TOP SEE BELOW
https://www.tradingview.com/x/B4oF8fbV/
So, I've made my point, and I am in no way saying to short this asset because obviously the trend is crazy strong so who knows what could happen. But I tend to think that with the great discount we have on equities at the moment there will be a change and crypto will go through a stronger correction before it picks back up. Good luck traders.
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