capoeira
Short

possible dubble top

HUOBI:LTCCNY   Litcoin / Chinese Yuan
852 9 1
second bounce from 50% fib (not confirmed yet) building possible dubble top.
Also building an RSI divergence.
beeing 30 a psicologic support I would say this would be the neckline
MoonTrader
2 years ago
There's no established uptrend for the double top.
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capoeira MoonTrader
2 years ago
you mean downtrend? that's why I said that the bounce is not confirmed yet. yet we have RSI divergence on 15min, too
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MoonTrader capoeira
2 years ago
If it's a double TOP, then it needs an uptrend first.
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capoeira MoonTrader
2 years ago
well, there is an uptrend started 5 days ago
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MoonTrader capoeira
2 years ago
I just don't think it's established enough to call that a double top.
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capoeira MoonTrader
2 years ago
I see
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ItisCalvin capoeira
2 years ago
I would say there is a preceding trend. @MoonTrader. It doesn't have to be the preceding long term trend. Take for example one of my previous old time favorites.

Triple Tops and Crazy Sellers


The data for the small time frames doesn't load anymore for charts that are old, but this one did confirm and go down. The preceding trend looks fine to me @MoonTrader.
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MoonTrader ItisCalvin
2 years ago
Interesting, thanks. Maybe you're right.
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capoeira
2 years ago
well, looks like we are heading my neckline
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