Bitcoin / EuroGüncellendi Bitcoin (BTC) Double Top - Downside Target
Not many analysts seem to mention that BTC has actually created a double top.
The two highs forming the double top were not exactly identical, but close enough.
I wanted to give you guys the downside target for the double top.
If this pattern materializes, I think it's important to keep that in mind.
We calculate the target by measuring the distance from the low between the two tops and the high, and distracting it from the low. In the chart these are the two blue lines.
So IF we break below our recent low of 7615 EUR, our downside target could be around 5648 EUR (red line).
You can see that this level is also very close to the 78.6% Fib-retracement for our recent rally from 4700 EUR up, making this level even more significant.
Good luck!
The two highs forming the double top were not exactly identical, but close enough.
I wanted to give you guys the downside target for the double top.
If this pattern materializes, I think it's important to keep that in mind.
We calculate the target by measuring the distance from the low between the two tops and the high, and distracting it from the low. In the chart these are the two blue lines.
So IF we break below our recent low of 7615 EUR, our downside target could be around 5648 EUR (red line).
You can see that this level is also very close to the 78.6% Fib-retracement for our recent rally from 4700 EUR up, making this level even more significant.
Good luck!
Not
We jost broke the recent low, so it seems I posted this just in time...lol.Not
We are forming bear flag after bear flag... doesn't look good :(İşlem aktif
On the way...Not
Only ~500€ more to go to the double top target...Not
We are getting closer and closer to the target.İşlem kapandı: hedefe ulaştı
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.