BTC → Analyzing the Possible Breakdown

10 בספט׳ 2023

hello guys...

As evident in the chart, Bitcoin is displaying a divergence in the Relative Strength Index (RSI) indicator and has also formed a double-top pattern. However, the decisive downward movement has not occurred yet due to the fact that the neckline of this double-top pattern has not been broken.

If the neckline breaks out, consider entering a short position and placing the two designated targets as illustrated in the image.

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10 בספט׳ 2023

הערה

target 1: 23070
target 2: 21500

11 בספט׳ 2023

הערה

touched the neckline