BTCUSD possible Short

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
As you can see BTC face 50 period MA and at this time hasn't strenght for break this MA so price seems to have formed a simple double top . The measure of this double top is calculated between the arrow marked on the graph and the amount is 2474 points. If you subctract this value to the neck line of this double top you reach 7000 usd area where pass the green line started since 2017 july where BTC reacted last time in 2018/2/06, so probably we may reach that level for having a strong reaction. As you can notice I traced red vertical line to mark key points where green line is originated.

" A picture is worth than a thousand words"
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out