Bitcoin and Ethereum are both showing stereotypical signs of a double top. There's a sharp peak, a pullback, then a rounded second top which is lower than the high. Volumes for both are slowing down which typically in a double top we'd see a big volume bar on the peak of the second top. I still believe this was enough of an indicator to confirm that we're seeing a double top.
Bitcoin
Ethereum
For both, we'll need to see a break of the neck support. Currently for Ethereum this is at $240, and $3,474 for Papa Bitcoin.
Best of luck to all!
We could see $3000...or $6000...I wrote a post about this. I look at the 30 SMA...if it breaks that, we are upwards...if it bounces back again off it, I look for $2800-$3000 range to be hit.
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Hope the price doesn't drop suddenly, then trade sideways for a week, small peak followed by rounded trading shape, and then rapid retrenchment back in time.
Would look like a giant dick. What happens next, after the head and shoulders is followed by the giant dick trading shape? Can we give a more technical name to this trading shape than the giant dick trade?
Hahahahahhahahah!! ROFL!!
Ha! I'll let you name it ;)
I believe that is the Jamie Dimon trade.
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