BTC double top pattern by julebut

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bitcoin · @julebut · Feb 4 '18

$0.18

BTC double top pattern

Hi everyone,

Today I would like to share with you a pattern on the BTCUSD chart. BTC is in everyone's mind, this is the main crypto in this world, and this will be the last to stay alive. 

![](https://steemitimages.com/DQmYjvYd8c8ZJtLDcviCqdCHDU7VukAgKWqMvXxb6Hz9wFJ/image.png)

You can clearly see that we have a double top pattern. BTC has made x13 since early 2017. It needed a stop to take a breath. The BTC follow perfectly the theoric pattern with a back on the neckline, and then a pullback on the support @7500$

If we can bounce on the 7500$ it would be a double bottom, and then we could start a new bullish trend. 
If we fail to bounce, we could go to the next support @ 6000$. Don't miss the sales ! 

Thanks for reading !

👍 minnowsupport, becrypt0, dkn, monsieur-tk, julebut, steemitboard, zapper

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@dkn · Feb 4 '18

Thanks for overall perspectiove, @julebut!
Here is the zoomed in ending of the A-B-C corrective wave:
https://steemitimages.com/0x0/https://steemitimages.com/DQmUW4yFSZeizHYVTEs3746c5sDrXjzWimnFQNs6asGK5Uq/8000level.png

I guess, kind of the double bottom can be drawn now, after the crossing $8 000. See my <a href="https://steemit.com/bitcoin/@dkn/quick-update-on-yesterday-btcuds-idea-elliott-waves-and-support-levels">recent post</a>, if interested in details.

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@emmess21 · Feb 4 '18

![FF265177-CBD3-4632-92ED-EB1FBF7EAECA.png](https://steemitimages.com/DQmes5VX5YHGpVQLfKJVh4xWu4g1S8Mo2Xut7uXUGiotMhM/FF265177-CBD3-4632-92ED-EB1FBF7EAECA.png)
This is your standard market cycle, yes blind mice, a bubble.  Where do you think we are, certainly not at the bottom.  Market cap will grow eventually, it just could be a while.

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@julebut · Feb 4 '18

I have seen this chart many time, I think the denial is soon. Keep faith and you will be rewarded. If you wanted to invest more when the BTC was @ 17k$, running to 20k$, why won't you know? 
Don't miss the sales and take profit higher.

👍 julebut

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@minnowsupport · Feb 10 '18

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