Bitcoin local top: double top & declining volume

16 May 2019

I´m not shorting this against the overall trend, but if we don´t see the bulls coming out of the woods in the next 4h, I think we have some downside ahead of us.
7600 is the first relevant resistance where I want to see a good bounce, otherwise we might go south some more.

--> I have my buys laddered in this area and am currently flat.

17 May 2019

Not

Update 1: This did age very well. 7350 1st resistance above.Will see how this develops but after a violent move like this I´d expect actually at least one more leg down. Buying volume is not convincing so far. Futures gap at 6400 is closed.