Triple Top (or Double Top) I've been waiting for
Hey guys,
My second public analysis and I am trying out the basics, as you may have already noticed. BTCUSD seems to have formed a triple top just before dipping to the support lines, and a double top of larger scale. It might not make any sense, nonetheless, therefore your comments are really welcome.
Anyway, I went short at approx. 12,886 USD and opened long positions at 12,310 to 12336 USD. Let's see how it goes. I do believe we continue an uptrend movement with an upcoming heavy resistance at around 13,900 mark, as well as the tested resistance zone of 12800-13100 USD.
Good luck trading,
SP
My second public analysis and I am trying out the basics, as you may have already noticed. BTCUSD seems to have formed a triple top just before dipping to the support lines, and a double top of larger scale. It might not make any sense, nonetheless, therefore your comments are really welcome.
Anyway, I went short at approx. 12,886 USD and opened long positions at 12,310 to 12336 USD. Let's see how it goes. I do believe we continue an uptrend movement with an upcoming heavy resistance at around 13,900 mark, as well as the tested resistance zone of 12800-13100 USD.
Good luck trading,
SP
Comment:
Ok, wasn't the sharpest tool in the drawer. Went short