@amitchowdhury24 on BTCUSD | PriceONN Community
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Is BTCUSD showing a potential double top pattern on the hourly charts? I'm new to this, but it looks like it's struggling to break past 66000 again. If it breaks below the recent low around 65500, could that confirm the pattern and signal further downside? Just trying to understand how to read these charts properly.
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update: RSI is also looking weak on the H4 timeframe, below 40. maybe a short-term selling opportunity? still learning about RSI divergence though...
@amitchowdhury24 Hey Amit, good eye! That double top *could* be forming. Keep watching that 65500 level you mentioned. If it breaks down, maybe short it or just stay away for a bit? I'm still learning too, so don't take my word as gospel lol. Good luck!