Disclaimer: I have no idea what I do or what is going to happen... I am not a professional trader and most of what I do is guesswork, I just HODL!
Every time BTC got closer to the top blue line, it entered several bearish days.. In this case it would even go as far as touching 4k.
But this time BTC might surprise us - rumors of ETFs, increased institutional attention and so forth. Maybe this time BTC will break through the top trend line?
If anything big happens between now and the coming days, we might be able to break through the roof.
On the other hand, if the S2X proves to be more trouble than expected, I guess we could easily reach 4k, if not going below.
Best thing to do is as usual keep an eye on the news!
Every time BTC got closer to the top blue line, it entered several bearish days.. In this case it would even go as far as touching 4k.
But this time BTC might surprise us - rumors of ETFs, increased institutional attention and so forth. Maybe this time BTC will break through the top trend line?
If anything big happens between now and the coming days, we might be able to break through the roof.
On the other hand, if the S2X proves to be more trouble than expected, I guess we could easily reach 4k, if not going below.
Best thing to do is as usual keep an eye on the news!
Comment:
Just an idea: according to the pattern, we tend to double top and then fall. If I was to sell my BTCs I'd probably wait for the second top to start falling
Comment:
I was wondering why we had the dip today, and removing the log scale, it seems we hit the top already. The double top might match the BTC Gold fork... Unless something changes I'll short a bit after the 25th