The bearish double top play out, but just how bearish is it?
With the expected merger, the double top may just be an illusion as the other merging currencies do not have matching double tops.
Normally after a double top like this you would expect a long drawn out death.
But this is not your average situation.
The candle is entering an important zone here, we will be going neutral here unless btc wakes up before the halving.
If I was wiser with this set up I might just walk at first glance.
But my gut tells me there is at least one more alt season rally and the AI theme will play out big for those of us who take the risk.
Normally after a double top like this you would expect a long drawn out death.
But this is not your average situation.
The candle is entering an important zone here, we will be going neutral here unless btc wakes up before the halving.
If I was wiser with this set up I might just walk at first glance.
But my gut tells me there is at least one more alt season rally and the AI theme will play out big for those of us who take the risk.