I am waiting for the double top I talked about previously, could this be it? I don't know right now. I have no intentions of buying or selling right now.
IF price forms a double top fakeout here and drops then there will be an inverse head and shoulders pattern at 15k.
IF price rallies from here then the short will not happen until 80-100k, in which case the next dip buy will be around 50k.
So what action do i take? I wait. If we break higher it is clear it is the final leg of the bull run. If we break lower it is clear we can dip buy at 15k.
Long term either way we win.
IF price forms a double top fakeout here and drops then there will be an inverse head and shoulders pattern at 15k.
IF price rallies from here then the short will not happen until 80-100k, in which case the next dip buy will be around 50k.
So what action do i take? I wait. If we break higher it is clear it is the final leg of the bull run. If we break lower it is clear we can dip buy at 15k.
Long term either way we win.