Will $btc go 24k first and then 17K bottom formation
Historical analysis shows that , as and when we double top with low volume we fall bad
See Iteration 1 and 2 we doubled top and fall bad
This iteration is bit different , we are near double top, BUT we have a heavy volume candle , which was missing earlier
Probably what I am looking at is
1- To remain bullish BTC has to break all the fuss with another volume candle
2- Hunt all SL
3- It should not keep marching below the resistance, if it does its a clear cut short trade till 16-17K(which we call a bottom)
#3 will be invalidated - If #1 and #2 triggered. Satisfying #1,#2 means we have already bottomed
one thing is confirmed we definately going to form extension layer till 23-25k where all will become fomo and start adding positions, that should be the trigger point for sell (only and only if #3 satisfied)
Love BB
See Iteration 1 and 2 we doubled top and fall bad
This iteration is bit different , we are near double top, BUT we have a heavy volume candle , which was missing earlier
Probably what I am looking at is
1- To remain bullish BTC has to break all the fuss with another volume candle
2- Hunt all SL
3- It should not keep marching below the resistance, if it does its a clear cut short trade till 16-17K(which we call a bottom)
#3 will be invalidated - If #1 and #2 triggered. Satisfying #1,#2 means we have already bottomed
one thing is confirmed we definately going to form extension layer till 23-25k where all will become fomo and start adding positions, that should be the trigger point for sell (only and only if #3 satisfied)
Love BB