Asterix

Triple top and likely shallow decline short-term

BITSTAMP:BTCUSD   Bitcoin / Dollar
324 3 7
We can see tripple top forming on the 1h chart - and a lot of negative divergences: RSI , True Strength Index , Chalkin Money Flow . If the Tripple Top formation will complete, the decline will be modest $10. Interestingly, 4xForecaster got the same short-term support at $619 from much more sophisticated model. Long term (months) outlook remains bullish , although there is not much enthusiasm felt atm.
Macainian
2 years ago
Isn't also a triple bottom?
Reply
Asterix Macainian
2 years ago
For a triple bottom, preceding move should have been down. Here, it has been going up and then topped thrice in $638-642 area.
Reply
bitsunrise
2 years ago
I really like your style man!
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out