Looks Like Double Top on the Diagonal w/$5,150 Range as the Top.

It appears we may be aligning with the top of the Automatic Rally ON THE DIAGONAL. Meaning, I'm expecting candles to CLOSE around the $5,140 to $5,170 IF WE BOUNCE BACK UP AGAIN. It looks like we may bounce up again eventually. I'm just not sure if we bounce back up to the $5,140 to $5,170 diagonal or do we bounce back up to the $5,040 to $5,070 diagonal. Could be continue down deep with an 8 to 12 percent drop or more? Sure, it's certainly possible. Especially, if they're trying to liquidate a lot of margin longs as quickly as possible in one fail swoop. If that were to occur, of course we can forget a double top.

I still believe this is NOT our run up to $6,000 plus. This is likely a manufactured way of lulling in margin longs in order to liquidate them. As well as a way of shaking out weak hands. I believe we're in the process of reverting to a down trend that will continue till the last week of May to first week of June, 2019 in anticipation of a rally for the Lite-Coin block halving event. I believe that rally will begin the last week of May to first week of June.

Comentarios:

Will we see 52 DAILY BARS (Candles) once again? By the way, do NOT assume I'm saying we're going down just yet. It appears to be the case but I'm not sure yet. I want to have a look at higher time frames and post a publication with higher time frames before trying to draw any conclusions. The downward red arrows is only me brain storming. I simply thought the "52 Bars (Candles)" was interesting and wanted to share it.

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I REPEAT... DO "NOT" ASSUME I'm saying we're going down yet based on what you've heard in this video publication or what you see on charts in comments section. That's me "brain storming." I honestly do not see a serious move upward for at least another 7 to 10 hours at a minimum. Could be 10 to 16 hours...

I'm about to do another publication using higher time frames to POSSIBLY give us a better picture of what's going on AND potentially provide support for us possibly heading up to the $5,460 to $5,660 price range mentioned before in another publication. So, we MAY NOT have a double top formation at current location. I may have to provide a third publication after this 2nd publication to provide "price points" that have to be crossed in order for this or that scenarios to occur. Let me do this publication on indicators in higher time frames first.