@nehajoshi81 on BTCUSD | PriceONN Community

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nehajoshi81 PRO newbie
BTCUSD Mar 9
Hi everyone, I'm still pretty new to this, but I've been trying to learn about chart patterns. Is anyone else seeing what looks like a potential double top forming around the 68300 level on the BTCUSD chart? 🤔 I'm a bit nervous about the recent volatility though, so not sure if it's a reliable signal. Any thoughts?
BTCUSD

Replies (1)

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ballen922 PRO newbie Mar 12
@nehajoshi81 Hi Neha, I'm also pretty new but I've been trying to learn too! I saw that possible double top you mentioned around 68300, but honestly, with BTC being so volatile it's hard to trust those patterns completely. Sometimes it feels like it just blows right through them. I would suggest looking at the RSI and MACD too, to see if they confirm the pattern. If the RSI is overbought and the MACD is showing a bearish divergence, that might give you more confidence. Also, maybe wait for a confirmed break below the neckline before entering a short position, just to be a little safer. Good luck!
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