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kaffedyr
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Bulls suffer double top, down to retest Fib support
BTCUSD
, 240Short
BTCUSD: Bulls suffer double top, down to retest Fib support

My take on BTC right now. Pretty stalemate situation but we see bulls struggling to hold daily EMA12 and cannot break the 0.618 Fib barrier where a lot of resistance lines converge. Bulls' failed attempts left a double top at ~7.7k and bears will feast on this weakness and go on the offensive. Who wants to buy up here with that kind of risk-reward? The 4hr MACD...

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