BitcoinShort
Possible Double TOP formation or trend continuation
If we want to see further movement at this point in time we should not cross the red trendline (1).
Even if we do its not a bad sign in the first place. A further breakout might just be delayed.
Staying between Blue and light-Blue for 5hours from now would be a great sign for a strong uptrend.
Dipping down to the orange line might be an early sign of a bull trap.
Staying between Blue and green would be a healthier consolidation, and would not reject the possible uptrend even though the red uptrend-line was broken.
Buy signal could be 3580 or something, with decent volume ofcourse , indicating a big demand for a very high price.
This becomes more unlikely the further we rally up without a pullback.
Consider that we came from 1800,within little time.
For long term 3.1xx$ marked by the fat black line might be an exit level.
Even if we do its not a bad sign in the first place. A further breakout might just be delayed.
Staying between Blue and light-Blue for 5hours from now would be a great sign for a strong uptrend.
Dipping down to the orange line might be an early sign of a bull trap.
Staying between Blue and green would be a healthier consolidation, and would not reject the possible uptrend even though the red uptrend-line was broken.
Buy signal could be 3580 or something, with decent volume ofcourse , indicating a big demand for a very high price.
This becomes more unlikely the further we rally up without a pullback.
Consider that we came from 1800,within little time.
For long term 3.1xx$ marked by the fat black line might be an exit level.
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