Hi everyone 👋🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 BITCOIN /USDT H:4 Chart - Heiken-ashi
📌 PRICE ACTION - Fibbo - Double-Top
📍 Bitcoin may create a double-top after filling the first target of bullish-flag
✍🏼 Straight to the point, Bitcoin may create a possible double-top in H:4 and daily time-frame which can lead the price again to the 44-45k zone
✍🏼 After the vast internet shutdown and failure of centralized plat-forms such as Facebook , WhatsApp and Instagram; Bitcoin and other crypto currencies pumped big in just less than a day.
⚠️ However, from technical-analysis point of view I am just concerned about a double top at 53k price zone.
✍🏼 If the scenario 1 fails, of course BTC is going to see the 57-58k price zone more easily than everyone thinks.
⚠️ RSI in H:4 looks so much in overbought position; more than 80-85 RSI is such a dangerous zone.
LINK OF MY BULLISH-FLAG TA IS AVAILABLE BELOW, PLEASE CHECK IT OUT
THIS IS NOT A FINANCIAL ADVICE, IT IS JUST MY OPINION
🕊 Wish y'all have a profitable lifestyle 🍀
📌 BITCOIN /USDT H:4 Chart - Heiken-ashi
📌 PRICE ACTION - Fibbo - Double-Top
📍 Bitcoin may create a double-top after filling the first target of bullish-flag
✍🏼 Straight to the point, Bitcoin may create a possible double-top in H:4 and daily time-frame which can lead the price again to the 44-45k zone
✍🏼 After the vast internet shutdown and failure of centralized plat-forms such as Facebook , WhatsApp and Instagram; Bitcoin and other crypto currencies pumped big in just less than a day.
⚠️ However, from technical-analysis point of view I am just concerned about a double top at 53k price zone.
✍🏼 If the scenario 1 fails, of course BTC is going to see the 57-58k price zone more easily than everyone thinks.
⚠️ RSI in H:4 looks so much in overbought position; more than 80-85 RSI is such a dangerous zone.
LINK OF MY BULLISH-FLAG TA IS AVAILABLE BELOW, PLEASE CHECK IT OUT
THIS IS NOT A FINANCIAL ADVICE, IT IS JUST MY OPINION
Comment:
bullish-flag IDEA on my TradingView
Comment:
RSI in daily timeframe looks cooler than H:4 time-frame.
Buyers may still buy time before RSI meets the overbought position
Buyers may still buy time before RSI meets the overbought position
Trade closed: stop reached:
BTC has just passed the 53k price zone so easily :))