BTC , Be ready for going down

I believe double top (or even triple top) has been formed , and we will go down,
currently we are in ascending triangle which is bearish


in 4 hour time frame we have head and shoulder, which is bearish also
we are not oversold anymore in daily rsi, so a lot ROOM for going down exists)
so be careful about dead cat bounce and protect you capital
in 2 or 3 days panic sell will start again

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on the other side, if we could go above 4320 (just above not closing in this case), we could say at least double top could be invalidated, (and 4360 for invalidating Head and shoulder) which is a good sign that bulls are still alive, and we need to reevaluate situation
so watch price action closely, you could profit a lot

评论:

in 4 hour we have engulf which in this situation is a strong sign of down trend, so go short right now and do not wait, we should always protect our capital, (it's better play safe and sound)
(i think first target is around 3865, so let's see)