JamesBowler

Next Three Possible Trades for Bitcoin

OKCOIN:BTCUSD1W   Bitcoin / Dollar Forward 1 Week
481 7 9
Thought I would publish my next three trades.

Overall Im thinking a small correction then a bigger move up.
Stopped out at 292.25, trade closed
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Fanatik_ JamesBowler
3 bad m8
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Agree. Nice and clear chart. :)
+2 Reply
JamesBowler oldstout
snapshot



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JamesBowler oldstout
Thanks, technically the double top has now been invalidated because of a close above the previous high. However, looking at the 240 BTCCNY (HUOBI) chart, the double top is still in play. Either way I'm still Short
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oldstout JamesBowler
I don't agree - if price went a little above 1st top it's not invalidation of double top - there're many double tops formations with 2nd top above 1st...
so I wouldn't call invalidation atm.
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oldstout JamesBowler
Also we can see that actual level, 2nd top is acting like a resistance now which is likely for double top pattern.
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