mhfcrypto

BTC: Double-Top Pattern potential

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
We had a Diamond-Top warning yesterday...suprisingly, the broke upwards on weak Bull Volume , and formed an Ascending Wedge which broke-down to where we are now $7850.

If we close a 30min or 1HR Candle with okay Volume and Acceleration below $7700, I personally, will probably consider that confirmation of a Double-Top ( Bearish ).

Let's wait & see.

Good luck! :-)
May 17
Trade closed: target reached: This did well. Double-Top was valid.
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