AdmiralPiett

AdmiralPiett Updated 

As we broke through 9300 we've confirmed the double top. I wanted to give a possible scenario regarding this formation. The price might try to retest the neckline at 9300. Failing that would further strengthen the authority of the double top formation and we might reach the target of 6800.

AdmiralPiett Updated 

We are at the top of the ascending triangle with an engulfing candle forming. MFI also showing an overbought region. I think we might see another trip down to 10600 then break out. So for couple of hours i'll be short on BTC and probably buy back at 10600 levels.

AdmiralPiett

Both the 200 MA and downtrend wedge resists the $7800. 4 hour close above this target might indicate a short term bullish reversal. We definitely have the volume to support it.