Appears to be forming a HS in the weekly and double top in the monthly.
Commento:
Price was rejected from the 52K area resistance (right shoulder), is too early to tell if BTC is going to complete HS pattern, this is a weekly timeframe. I have a small short position with a wide stop loss, we will know in a few more weeks if BTC is shifting from uptrend to downtrend by completing the HS. I wouldn't be long in short term anyway.
Trade attivo:
My TP is at 42K. Then I'll wait what the price does. Probably is going to find a lot of purchase orders at that level. Not interested in buying at 42k.
Trade chiuso: obiettivo raggiunto:
TP reached. Time to see what the price wants to do. If it breaks the 42K resistance level in the weekly timeframe it would confirm the HS and most likely to drop to the 30K level.