Asterix

Triple top and likely shallow decline short-term

BITSTAMP:BTCUSD   Bitcoin / Dollar
325 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.
I really like your style man!
+1 Reply
Isn't also a triple bottom?
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Asterix Macainian
For a triple bottom, preceding move should have been down. Here, it has been going up and then topped thrice in $638-642 area.
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