Analysis on chart. Double top originally anticipated to be a H&S pattern may turn out to be a bullish double bottom pattern as well.
Play both ways - double top is not negated yet. Get OUT of the consolidation zone (or play the range here @ crypto-vegas).
Clear areas of support were marked in previous charts. Failing to adhere to stop-losses would have resulted in significant losses (20%+).
Falling out of the orange RSI line was the first warning sign. Falling right through the "consolidation" zone and into "...bears..." was your second warning sign. While bulls have a last-ditch effort before "...lots of...
Neckline established on the last daily candle. Price squeezing in a close juncture here at an important fib-level.
What will be brilliant is if price breaks the blue trendline downwards and quickly reverses, trapping bears. The reason this might happen is that breaking the trendline on price will not necessarily break RSI trendline. RSI trendline established...
ABCD parttern playing out on BTC- break-out confirmed. See identical RSI line established. Breaking orange RSI line would mean consolidation. Holding green RSI line to maintain medium-term bull run. Good luck mates.
