mikedargham

BTC/USDT UPDATE

Short
BITSTAMP:BTCUSD   Bitcoin
Hello,
I will bi reviewing this BTC/USD chart on the 4 hours time frame than I'll give my thoughts for the next couple months.
So on this chart we can see that a double top is forming and that's not a good sign since it is a bearish pattern and if the next 1 to 2 candles close as a big red one then the pattern is confirmed.
On the long term I still think that we should see a spike down before going into the second stage of the bull in my personal opinion that price is around 21-23k and it is essential for market structure
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.