As shown on the chart, a double top has formed on the 
BTC chart.
While the overall trend remains bullish, there is also a clear bearish divergence.
The question is — willBTC follow the technicals and see a short-term correction, or will it continue pumping as if nothing happened? Let’s wait and see!
DYOR
BTC chart.While the overall trend remains bullish, there is also a clear bearish divergence.
The question is — will
BTC follow the technicals and see a short-term correction, or will it continue pumping as if nothing happened? Let’s wait and see!DYOR
Trade active
If they fail to break above the 
88K resistance, this scenario becomes more likely. I anticipate a long squeeze down to $85k to capture liquidity, forming an "M" pattern — a typically bullish structure. This could potentially provide the momentum needed to break past the $90k resistance.The weekend would be the ideal time for such a move.
Let's see how this unfolds. Here's the projected idea with its possible outcome.
Order cancelled
This idea has been invalidated, BTC decided to go strait up, super bullish, there are not many opportunities to enter a long because no consolidation. $91k is an hard resistance, let see if the Bitcoin buyers FOMO enough to push it to new highNote
OOPS! I closed this idea too soon. It turns out the prediction was spot on!BTC dumped quickly, right down to my resistance line — to the exact dollar.Here’s the updated chart to wrap up this idea on a positive note. ✅
Note
But now we’re seeing a triple top — and soon, potentially a quadruple top. Hmm... interesting, isn’t it? 🤔Note
Well well, actually this idea was again accurate, just more patience was needed. Always be careful to the double top patterns, they are quite powerful!Are we at the bottom? Ask to the SPX500, he is the boss of this correction.
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Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Telegram: t.me/metaisland_gg
Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.