BTC USD on the 1hr chart Bittrex. Double top and a downtrend inidicating slow retracement from the ATH.
I will say that this is BTC King of Coin and there has been a lot of TA that has not played out. So I am 50/50 on this due to current market conditions.
If we continue to form lower lows and stick to the channel then we may be on our way to a correction that would allow the market to breath.
MArket appears to be exhasuted at the moment.
If I am mistaken please feel free to correct me constructively so all may learn.
Not trading advice I am not a financial advisor or licensed Crypto Trader: This is my personal observation and comments only.
I will say that this is BTC King of Coin and there has been a lot of TA that has not played out. So I am 50/50 on this due to current market conditions.
If we continue to form lower lows and stick to the channel then we may be on our way to a correction that would allow the market to breath.
MArket appears to be exhasuted at the moment.
If I am mistaken please feel free to correct me constructively so all may learn.
Not trading advice I am not a financial advisor or licensed Crypto Trader: This is my personal observation and comments only.