monetae_anon

Bitcoin LTF Double Top ⑇ Monetae_Anon

GEMINI:BTCUSD   Bitcoin / U.S. Dollar
Hi all,

following on from the rising wedge , I had a nice ping off the 7k region, in which we should be following scenario (1). See below:


If we take a look at a lower time frame, we can clearly see a double-top. Much less retail buying occuring at this time, & once the Global stock markets start to retrace after the relief rally the last few days, we should see bitcoin follow suit.

Let me know if you have been able to understand and absorb this content; feedback from previous analysis, indicated I needed to try and explain a little bit more.

Yours Sincerely,
Anon.
Mar 26
Comment: Clear rejection of trend line, with big wick down. Very bearish signs.
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Comments

Do you also do ETH analysis?
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good idea
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Hi good work .
my idea )
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China’s central bank moves closer to issuing digital currency: insiders see the global news in china , expecting a huge breakout to 7K area +, at this low price , the whale effect are strong MX-350
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@Protixder, will be interesting if its an impulse wave in a broadening channel.
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i expecting the long area.
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Feel free to leave comments / share ideas!
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