clear double top

11 Mar 2018

BTCUSD broke out of its downtrending channel only to start consolidating (going sideways). The double top formed indicates significant resistance above the 12000 level. At some time point I thought that BTC moves in parallel with the SP500 but finally the last couple of weeks these two have decoupled. My small position in BTC is here to stay for entertainment purposes only (if you still believe the "gurus" that this is going to be $1,000,000 asset/unit some day what can I say).... If you do believe that, however, a stop to buy should be placed above the $12000 level... with a stop to sell immediately below that. Good luck (investing in any coin IS a matter of luck, -thats why is NOT investing... :) :)...) and happy trades to all of us out there...