12 Hour candle havoc is negated if the 12 hour candle drops a green candle in the next 48 hours,
- The sticking point for BTC will be the top of the bear flag at 11229
10700 is a good entry .
- Now this is BTC and BTC does whatever BTC wants and follows no ones rules.
So we will find out soon what BTC decides do
The Double Top Reversal is a bearish reversal pattern typically found on bar charts, line charts, and candlestick charts. As its name implies, the pattern is made up of two consecutive peaks that are roughly equal, with a moderate trough in-between.
An anonymous trader has sunk $400 million—enough to buy New York State’s most expensive home twice with change left over—into the cryptocurrency, raising his or her stake from 55,000 coins to more than 96,000 between Feb. 9 and Feb. 12. And that buy-in is already paying substantial returns.
The bulk of the purchases took place on Feb. 9, with another 9,000 or so on Feb 12. And even if the buyer bought at the day’s peak, he, she, or it is looking at total gains so far of roughly $83 million.
The current value of the buyer’s portfolio currently stands at nearly $1.1 billion.
The Dojis have ganged up, to try to take BTC down. First Doji ( A) set the price resistance and prices begin to fall .
Prices rose until the second Doji (B) confirmed the resistance set by Doji ( A),
BTCs Bullish candle # 5 then attempted to pass the resistance set by Doji ( A )and was turned back .
The next candle turns bearish indicating a possible reversal has begun .
- But BTC is on a kryptonite currently and im sure will push the resistance aside soon and continue upwards.