[BTCJPY] A slightly worrying spike top
In the July 25 post, “【BTCJPY】 Continued to rise to around 940,000 yen!”, we described how the momentum from breaking the neckline of the inverse head and shoulders continued to rise to about 940,000 yen. Nevertheless, by the end of yesterday, a shooting-star-like top (where the highs of two consecutive days are equal) had formed. When such a pattern appears in the high price area, it is interpreted as a potential sign of a trend reversal. Today's focus is to see whether the level of this shooting-star top can be surpassed, and at the same time whether yesterday’s low will be broken to the downside.
× ![]()