Bearish argument:
Bitcoin has reached the technical price target of cup and handle pattern as seen on the weekly chart.
Safe entry: Need to wait for closed monthly reversal candle
Early and risky entry: Double top on the daily and weekly with daily bearish divergence and bearish engulfing candle.
Bullish case: No major volume spike and Ethereum hasn't shown a clear bearish reversal yet at the ATH level.
Bitcoin has reached the technical price target of cup and handle pattern as seen on the weekly chart.
Safe entry: Need to wait for closed monthly reversal candle
Early and risky entry: Double top on the daily and weekly with daily bearish divergence and bearish engulfing candle.
Bullish case: No major volume spike and Ethereum hasn't shown a clear bearish reversal yet at the ATH level.
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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.