Is #Bitcoin forming a potential double top?
View on weekly chart basis.
A closer look shows that a potential double top pattern is forming. The double top is often considered as a bearish pattern, which means that a bearish trend reversal could follow.
Also, the second top has a long upper wick and appears similar to a shooting star candle. Again, this is a bearish candlestick pattern which shows that sellers are in control as they have pushed the price below the beginning of the week and created a long upper wick.
A closer look shows that a potential double top pattern is forming. The double top is often considered as a bearish pattern, which means that a bearish trend reversal could follow.
Also, the second top has a long upper wick and appears similar to a shooting star candle. Again, this is a bearish candlestick pattern which shows that sellers are in control as they have pushed the price below the beginning of the week and created a long upper wick.
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