C_EWAVE13

BTC's Possible Double-TOP ⚠️ 🐻 ⚠️

Short
BITMEX:XBT   Bitcoin / U.S. Dollar Index
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
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

Trade closed: stop reached: BTC has just passed the 53k price zone so easily :))