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DevinGage
Jul 16, 2019 7:53 PM

Bear Case 

Bitcoin / DollarBitfinex

Description

On The 4h chart we have a double top. which will be validated if we confirm a break below the $9700 area. Price likely to fall to the $8500 area before finding a support? Zoom out to the 1d Chart we can see the left shoulder and head of what may be a H&S pattern. Can be confirmed after BTC breaks the $8500 support and sales volume comes in as BTC is trading around $7400-$7600 & find a resistance @ the $8500 area? If it fails there i say hello 5K.
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