Double Bottom & Double Top In Daily BTC/USD Chart,What's Next?
hello guys,
if you see in this daily btc/usd chart, the pattern was forming well in both double bottom & top in the last 2 month.
i guess, it will breakout soon to around $3800 - $4000 resistance area rather than breakdown depends on the Rsi indictors which steadily upward & the daily candles which defending the 0.618 fibonacci ratio.
but you must cautiously set the stop loss if the support breaking, if so,it will drown to the next support area around $3200.
educational purpose only, not financial advice.
like & share if this helpful :)
if you see in this daily btc/usd chart, the pattern was forming well in both double bottom & top in the last 2 month.
i guess, it will breakout soon to around $3800 - $4000 resistance area rather than breakdown depends on the Rsi indictors which steadily upward & the daily candles which defending the 0.618 fibonacci ratio.
but you must cautiously set the stop loss if the support breaking, if so,it will drown to the next support area around $3200.
educational purpose only, not financial advice.
like & share if this helpful :)