What's next? Rising volume with price declining is a bearish sign. We can expect the continuation of downtrend to next support zone, around 8800-9000. Another scenario is that BTCUSD is already bounced back at 9400 level. Please, note that this is Education material, not financial advice. Feel free to leave a comment!
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Double top bearish pattern confirmed! Bulls beware!
@jamikr, See? without knowing anything... we're probably going to 12-13k now... (the only thing these guys get right is obviously the resistance/support points) , and when we reach that level everyone will be talking about skyrocketing to 20k again... you start seeing everyone talking about the amazing bullish momentum...and we go down again lol
Dinore
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@jamikr, I do not agree with you! It is possible to figure out, just read the chart, it gives us a valuable information about what is ongoing.
Today, another bearish sign is confirmed - double top, so bulls are losing their ground.
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New analysis coming!