svenstoner

svenstoner

After having talked about a possible double top on bitcoin i got super interesting responses- txs for that. Now seeing a Tripple top on the hourly. Bitcoin is displaying a classic triple top pattern, a bearish signal that could indicate a potential reversal. Each of the three peaks reaches a similar high, suggesting resistance and buyer exhaustion. Caution is...

svenstoner

@RLinda, merged those 2 ideas, like it but a little bit confused. KR sven

svenstoner

Everybody waits for a dump. I have spotted a double top pattern in the Bitcoin chart, suggesting a possible bearish reversal. This pattern shows two peaks at a similar price point, with a trough in between. A break below the support level would confirm the pattern, hinting at a potential trend change.

svenstoner

Double top for STMX on 4h, i find it a clear one. i will go short for now

svenstoner

Also you can see a rising wedge. Lets see what bitcoin is doing but was a good first run for link

svenstoner

Spotted a Rising Wedge followed by a Double Bottom pattern on $btc. The Rising Wedge often hints at bearish sentiment, but a subsequent Double Bottom may signal a bullish reversal. Confirmation is key: for the Double Bottom, it's the price break above the resistance (neckline) at the interim high (done here). Problem: Increased breakout volume pretty weak.