BTC Making Double TOP pattern its time to sell
In April of 2021, Bitcoin reached a significant peak. In November, 210 days later, a technical double-top and a slightly higher high were reached.
Volume rose before the first high towards April 2021.
A decline in volume preceded the second high towards November 2021.
In 2024, increasing volume anticipated the first high that reached March.
Volume declined before to the second high in October 2024.
➣ A significant fall occurred after the higher high/double-top in November 2021 (the declining volume was a powerful telling indication).
➢ Only whales are now trading (no retail) in the October 2024 lower/higher high/double-top, which has extremely low volume and extremely limited market involvement.
Will there be a significant drop following 2024's second high.
I prefer sell now and SL with be 76000 and profit target should be 62000.
Volume rose before the first high towards April 2021.
A decline in volume preceded the second high towards November 2021.
In 2024, increasing volume anticipated the first high that reached March.
Volume declined before to the second high in October 2024.
➣ A significant fall occurred after the higher high/double-top in November 2021 (the declining volume was a powerful telling indication).
➢ Only whales are now trading (no retail) in the October 2024 lower/higher high/double-top, which has extremely low volume and extremely limited market involvement.
Will there be a significant drop following 2024's second high.
I prefer sell now and SL with be 76000 and profit target should be 62000.
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