BINANCE:BTCUSD.P   BTC Perpetual Futures Contract
Already from the last analysis, as already mentioned we are not in the danger zone because BTC is extremely inside the channel.
I want to share with you a further analysis based on the double top.
When a double maximum occurs, the distance between the vertex HH and LL is measured and if LL breaks, the distance must be reported by the LL itself and you see where it ends.
I notice very precisely that the (yellow) line falls exactly on the channel, so as long as we touch the 49.5k area we are always in the ascending zone.
What do you think?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.