Post
Topic
Board Speculation
Re: Bulls are no longer fresh and will run out of gas
by
exstasie
on 05/06/2020, 19:32:26 UTC
A triple top (October 2019, February 2020, June 2020) isn't good for the bulls.

Double tops (or triple tops) are topping patterns that appear at the end of uptrends. $10.5K is resistance in a long term downtrend. Big difference. The lower lows in between those peaks rule out any sort of topping structure like that.

Triple tops are unicorns anyway. I've never seen them work before. Usually it's just a temporary consolidation before a prior double top is broken to the upside. Wink