Alpaca_Fred

Double Tap on the Resistance (Almost) No One is Talking About..

Short
Alpaca_Fred Updated   
BITSTAMP:BTCUSD   Bitcoin
So here we are again, and most are still barely paying attention to this resistance level..
I was right about the first rejection here so lets see if we can make it 2/2..

Could that double tap finally signal the beginning of the real sell off?
BTC has lost that Green dotted support line and is in the process of retesting it as I type this.


Lets see what happens, but this would make for a REALLY bad time for traditional markets to sell off.. 😬

Right shoulder down to my Buy Zone incoming?

Comment:
BTC dancing exactly on the Green Dotted Trendline at 69k on lower timeframes, which will likely continue through the weekend. But the REAL question..

Is BTC setting up to repeat the May 10, 2021 candle this week?
Comment:
BTC pushed to the upside, perfectly touched the top trendline on 6/6, and then exited the end of the triangle to the downside. Fucking. Nailed. It.
Would have loved to post a link showing it lower timeframes but apparently TV doesnt like you doing that 🤷‍♂️

Now onto Part 2. Will the Bears follow through from here?

Its up to Equities now to drive the car so lets see how this plays out..
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.