BTC - Double Top?

in bitcoin •  7 years ago  (edited)

Hello all,

The BTC just did a little head fake regarding the previous top and is not correcting a little :

BTCUSD.jpg

We need really to break the line that I traced on the double TOP if we don't want see a correction coming.

The Double TOP is a well known pattern which is very bearish. If that pattern is realized, we should go tested the support line of our previous trading range.

I wish you massive profits,
Cryptopassion.io

Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

Version française ici : [FR] BTC - Double Top ?

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Here my prediction:

btc my prediction.png

I think after some correction you are right. Check my analysis and post your opinion.

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I have analis That at the End of The year 2017 the Rate will Increase at maximum Rate and At The last week of DEC the will down again as purpose to attract new investor Come to new years to buy Bitcoin As Huge Number... And Again Rate will Increase like rocket... Also Global Trade Exchange Accept Bitcoin So Everyone is Ready to Invest of Bitcoin with Any amount...

bearish for about 3 days then BOOM like always lol

Cool @cryptopassion rocks, I also agree that double top is forming. I predict this yesterday (-17 hours) in my analysis.
Check it out! Be appreciated to hear your opinion! Safe trading!

Definitely agree. Seems like there are no shortages of booms with bitcoin.

seems quite flat now..

Top Analysis, Thanks for Sharing

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Nice one

saw that double top..didnt hold BTC back

Forming nice triangles. These next few days will be critical in deciding if Bitcoin will shoot past the moon... to Mars!

Thanks for the Information..

I agree with the analysis here as well, I could see the double top forming.

Good buying opportunity when it corrects. Either that or this thing blows past the previous top then we’re in for a rocket launch!

Wait and see to validate the double top pattern.

BTC is like a wave. It sways and sways until it becomes a tsunami (↑) and crashes down (↓)

Thanks for sharing.. unbelievable..

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just like usual movement before shoting up

I agree with you 100%. On the other hand, half the time I use TA on a really volatile crypto, it does not care what I think.

Bitcoin, more so than others, is a beast and when I think it will stop or drop, it just keeps going. For now, I think it is surely due to all the new money coming into crypto.

The exciting part about the new money is that since they are investing, they will learn more about crypto. The more they learn, the more money will end up in alt coins because of the ways they can change the entire dynamic.

Thanks for your post and let us watch and see what this beast does!

1 btc = 16545.12 usd . ........!

Thank you. You are our go to source for crypto news!

Thanks for the graph..good info!

1 btc = 16545.12 usd . ........!

Man, the markets were nuts today. The price went to the top quickly, and slowly went down. My heart was pumping all the way. I guess I need to hld myself tighter :(

So should we buy more?

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if 1h chart now form a H&S pattern may show further confirmation for double top too

Everything will be ok

thanks for the information.....

Quite a great analysis done on the way BTC works around. Thanks @cryptopassion for sharing the snippet on BTC.

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BTC's price will correct quickly and before you know it, it will resume its upward trajectory.

  ·  7 years ago Reveal Comment

Just a question. Isn't a double top or double bottom when a price hit's the same high or same low? I'm experienced trading commodity futures but a newbie with Cryptos thanks for the charts!

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The bigger your deposit transaction, the more you get the discount stellar lumens. You will get 65% of your deposit amount, ex: if you deposit 10,000, you will get discount 6,500 stellar lumens, If you deposit 100,000, you will get discount 65,000 stellar lumens.

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