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BlackChenOG

$BTC



Let's keep is short and clear

Bitcoin double top pattern
lower trendline serves as liquidity

bias bearish 🔥

not financial advice
BTC0,27%
post-image
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OldBlackVelvetKey
· 17h ago
If it's truly a double top, the common script is to first break the trendline and then rebound to create an opportunity.
View OriginalReply0
0xPeachy
· 04-24 09:28
The trend line below is indeed prone to being swept by liquidity; set your stop-loss in advance.
View OriginalReply0
ApeWithHomework
· 04-23 12:17
The double top + lower band as a liquidity pool, this idea is quite clear.
View OriginalReply0
GateUser-f78f1f3e
· 04-23 06:36
Where is the approximate neckline position of the double top in this chart?
View OriginalReply0
Ciau
· 04-22 11:43
agree.. mid-May will be bearish !!!
Reply0
GateUser-cc291d26
· 04-22 11:02
Ape In 🚀
Reply0
SlippageSamurai
· 04-22 10:38
It feels like it's mostly oscillating and shaking out traders now; don't be too eager to add to your short positions.
View OriginalReply0
MosaicBowtieRealm
· 04-22 10:27
Agree with the bullish bias, but BTC often fake breaks; it's best to watch the trading volume for confirmation.
View OriginalReply0
EchoOfL2
· 04-22 09:51
Liquidity is correct; often, traders first clear out their long stop-losses before changing direction.
View OriginalReply0
MildlyRugged
· 04-22 09:41
Recently, macroeconomic conditions are also relatively tight, and a bearish technical outlook is reasonable, but do not ignore buy orders at support levels.
View OriginalReply0
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