Possible top pattern forming below 40K

Bitcoin / U.S. dollarBitstamp

Description

⋅ Jan 16, 2021 5:03 AM

Compared to the top of 2014 this is quite similar.

If we stay below the 0.786 retrace from top to 30K low there's a good chance at this outcome.

Comment

⋅ Jan 20, 2021 10:10 AM

At this moment i think it's more like a bear trap

Trend Analysis Chart Patterns

Comments

AndySmart

⋅ Jan 16, 2021 8:55 PM

I'm 100% with you on this one. I see perfect top formation unfolding... triple top on daily and 23-24k then 30 and then who knows? 21, 18, 16?
lets see........

CryptoShamaan

⋅ Jan 16, 2021 5:51 AM

Looks like 23800 🤷🏻‍♂️