Damn, I'm having mixed feelings about the outcome of today's market. This is either the beginning of another strong run or the beginning of a drop, because now we're clearly witnessing a double-top unless we go past the high we hit on the 13th of March..
Great morning it is, but tomorrow might suck if the bulls today turn out to be weak! Seems like market signs keep going bullish tho... fuck it, just go all-in and hodl.
Doesn't look quite like a DT to me, but more like an ascending triangle.
Also, read investopedia on DT:
There is indeed a significant difference between a double top and one that has failed. A real double top is an extremely bearish technical pattern which can lead to an extremely sharp decline in a stock or asset. However, it is essential to be patient and identify the critical support level to confirm a double top's identity. Basing a double top solely on the formation of two consecutive peaks could lead to a false reading and cause an early exit from a position.
To me it seems like whales wanted to make the chart look like double topping by the end of march, but failed.
Next try was the recent dip, but they didn't even make it near critical support level(s).
Makes me bullish.