Bitcoin developed a double top in this timeframe, but as the past analysis of Bitcoin, my prediction was perfect when I was in long posiiton around $43,800 USD, but I see a weak in the price and that, I decide to closed up my long position as I knew that Bitcoin could to drop to $42,800 USD, but Bitcoin drop more what I expecting. However, my prediction was very good.
Now, we have this bearish pattern called double top that it's completely developing, but we need a confirmation of the neckline using price action. But I do not going to make any of this zone. Also, for reference, you can to use H1 as I see bullish divergence that could to be in H4 a confirmation that I need to entry in short using the price action.
We wait that Bitcoin go back to $41,500 USD, I recommend to put an alarm in this zone to still pending.
Now, we have this bearish pattern called double top that it's completely developing, but we need a confirmation of the neckline using price action. But I do not going to make any of this zone. Also, for reference, you can to use H1 as I see bullish divergence that could to be in H4 a confirmation that I need to entry in short using the price action.
We wait that Bitcoin go back to $41,500 USD, I recommend to put an alarm in this zone to still pending.
