Hello traders,
looking at the 4H chart on BTC-USD , we seem to have formed a double top and initiated an M pattern, which the target would be the full leg of the first formation.
This is a trade in which we should be cautious, with a stop less at the double top in case of an unexpected reversion.
Altough we are in a bullish trend this seems like a small correction at the mid term happening.
Good luck everyone.
looking at the 4H chart on BTC-USD , we seem to have formed a double top and initiated an M pattern, which the target would be the full leg of the first formation.
This is a trade in which we should be cautious, with a stop less at the double top in case of an unexpected reversion.
Altough we are in a bullish trend this seems like a small correction at the mid term happening.
Good luck everyone.
Comment:
BTC just invalidated this pattern, and just broke our resistance.