BTC FUNDAMENTAL AND TECHNICAL ANALYSIS

Price may not necessarily form a double top at that daily level, but can reverse because it is in the supply level of the entire daily bearish move I marked using the red trend line

BTC right now is showing Reversal on the 4hr the yellow marker region is showing a mitigation, which signifies that the trend is weak and becoming bearish it's only a close above the recent highs that can prove otherwise

Price is still trading below that protected high that I marked with the yellow box

If price invalidate the 66226.92 level that's above the current price then we should expect more buys to the overall highs

You should be looking for sells then. As long as the highs are protected, the sells will keep coming in

BTC- With today's Daily breaking below the Flip zone price broke out from, price has the potential to use it as a resistance and continue selling downwards.
Invalidation of the trend support and the imprint of the Top pattern and price will crash down to 62000.

BTC- With today's Daily breaking below the Flip zone price broke out from, price has the potential to use it as a resistance and continue selling downwards.
Invalidation of the trend support and the imprint of the Top pattern and price will crash down to 62000.

BTC- The double top has been formed. Expecting a Dip back to 62,000 or 60,000.
Without invalidation of the double top, hopes of continuing the buys the month is slim, will expect the buys next month.

BTC- The double top has been formed. Expecting a Dip back to 62,000 or 60,000.
Without invalidation of the double top, hopes of continuing the buys the month is slim, will expect the buys next month.

BTC- I'm not convinced the first reaction zone will hold for long. will expect it to drive the buys to 65,400 and then the sells will continue. Except it invalidates that 65400 price level again, then I'll expect the rally to continue.

You should be more focused on taking sells from that your zone

My bias has also changed because of the mitigation block formed on 4hr timeframe which I circled in the image, price tried to break above that previous high but failed and broke below the bulilish candle that started the move, which gives us both a mitigation block to trade from

BTC- With today's Daily breaking below the Flip zone price broke out from, price has the potential to use it as a resistance and continue selling downwards.
Invalidation of the trend support and the imprint of the Top pattern and price will crash down to 62000.

Sorry sir but that is not double top let me break it down , the first arrow is a bearish order block, then the second arrow is a pullback to that bearish order block level, now double top is for reversal and in a bearish trend you can't see a double top in the middle of the trend what you can see is a failed double bottom I have done pattern for a year, so I know how it works, double top and double bottom are strong reversal patterns but must only form at trend exhaustion levels and also have an external or engineering liquidity to confirm it's validation, for example what I just marked in that chart is a double bottom but it's forming in a wrong level which is a supply level and yiu can see that price is breaking below it already so you can call it a failed double bottom, you can't see a double top in a bearish trend it's not possible, I know you will still argue it, but a true double top pattern only forms in a bullish trend like I showed you, describing the both of them, double top occurs after a pullback to a bullish order block and price fails to break above the highs that made the pullback and it now becomes a mitigation block breaking below the neck line, same for double bottom, it is when price makes a pullback into a bearish order block and reverse back but cannot break below the lows that made the pullback and become a mitigation block breaking above the neck, am really taking my time to explain this and they are only known for reversals not continuation, check the chart image for example, the trend levels where they forms actually matter a lot take note

Btc to 60k esap

I have marked the entire swing level, I would sell if I have opportunities because that is still the premium level of the sell swing, but haven't seen a good opportunity

I changed my bias to sells no more buying

Okay. I understand the angle that you're coming from.
but On this BTC- What do you call equal highs like the one shown in the line chart below?
When they form at resistance zones what is expected of them?
What most people don't understand is that patterns have variations, but most of our basics we were taught just one style, and one variation.

Double tops or bottoms are not just for reversals, then can signify continuations. They can form as close range, they can form apart, but within same time range.

I believe If I had said equal highs, instead of double tops, you would have agreed more. But then will you say there's a difference between double tops and Equal highs?

It depends on the context though

Because i know that for a double top or bottom to be valid, it must have broken lower or higher, but equals highs or lows don't need to break structure to confirm it's equal highs or lows

Yeah, It's the context.

The thing is, I trade patterns differently; and mostly I trade them before they complete their formations. So, to now say they are valid I'll have to rather wait for it to break a neckline or follow textbook method before I can call it a top or bottom or HnS. I just outrightly call it as I've seen it.
But If I'm to be using the proper word, I'll call them potentials. Because patterns are meant to be traded after it is fully formed, but that is not the case for me.

Also, there are so many variations of chart patterns, but it's the most popular one as read on textbooks or seen in tutorial videos that people are acquainted with.