Get started
Butcher_of_Bitmex

Fractal Leading to Double Top before major Correction

Bitcoin (COINBASE:BTCUSD)  
Butcher_of_Bitmex Updated   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD BTCUSDT Bitcoin (Cryptocurrency) bitcoinusdt bitcoinusd BTC
4
0
trendanalysis chartpattern indicator btcusd btcusdt bitcoin bitcoinusdt bitcoinusd btc
Fractal Leading to Double Top before major Correction
Comment:
Top of diamond could have been reached. Could still go to 12.2K but we will see. None the less, excellent short opportunity.
snapshot
Comment:
Ok hit the top as per my original idea. We should see a break and subsequent sell off to the down side soon.
snapshot
Comment:
Note - Extending the line we could still have some room to see 12,200 one last time before a sell off. We will see.
snapshot
Comment:
Sell off in progress, stops have been moved to in profit. Target for this first leg down is 11K.
snapshot
Comment:
Half way to target:
snapshot
Trade closed: target reached:
Target reach - switching to longs now. Will post updated analysis.
Comment:

Related Ideas

Butcher_of_Bitmex
Long 10,600-11,700
Butcher_of_Bitmex
Diamond Top Reversal
Butcher_of_Bitmex
Confirmation Bias or Future of Bitcoin Planned? <Just for fun!>
Butcher_of_Bitmex
$13,500 TOP!
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.