That's doubtful. We formed another V-bottom off the $9,000 lows. After every previous one, we made new highs and continued the trend, so it's not prudent to bet against that. We'll eventually get a failed double top, but I don't see any point predicting it. Better to wait for confirmation after we have a strong reversal pattern on the daily/weekly charts.


Decreasing volume in this case can be quite bullish. It might mean there is a lack of sellers. High volume at resistance would suggest distribution and potentially new lows. We're not seeing that here.