Formation of a double top in Btc/Usd? Short

BITSTAMP:BTCUSD1D

Bitcoin / U.S. dollarBitstamp

Description

⋅ Aug 2, 2017 3:21 PM

If the down going trend in RSI is going to hold, then Btc/Usd will trend down and complete a double top formation.

Trade closed: stop reached

⋅ Aug 5, 2017 10:18 PM

Came home from day off and found broken trade :-(

RSI 1D trend broken up, strong resistance at $3000 broken up. Hopefully you (shorters) all had limited your losses by stop loss.

Taking losses is part of trading ;-)

Double Top or Bottom