BTCUSD creating double Top on daily chart or receive support

As we can see we are in one of the important time of BTC market, price rise and reach new All time high again and again and so many analysis are about breaking previous ATH and more pumping all way to 67 K or 70K and ...

but for now market is creating reversal pattern that is obvious and is double Top so we are looking for breaking neckline and conformation of breakout and after that expect bearish market to our targets based on strong supports ahead or Fibonacci retracement levels .

for conformation of breakout we expect neckline to break andbreakout on strong green trendline on chart
Else :market can easily provide more bullish candle and even breaking resistance on 60K and maybe new ATH again

why market has the power of rise now ?
beacuse price fall to our expected target on previous analysis and now this strong support (black rectangle) that touched, should break before any more and upcoming fall.
Previous analysis :

Summary :market is reaching strong support but we may have breakout too.(both scenarios are expected )

DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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評論:

take look at chart for short term traders