TradingBTC1

BTC Move Higher appears to be DONE!

BITSTAMP:BTCUSD   Bitcoin
BTC went up to almost 200% over the 200 DMA and now appears ready for a huge dump. Double top could be forming now and risk to return highly favors the downside. Support zone from $20,000 to $24,000. However, this coming move down may be more than just a technical retracement and would not be surprised if this yellow support zone does not hold. We'll see how this shakes 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.