all I see right now
is a 6-months long cup and handle formation
How about double top with the lower second peak?
Is this a sole "contrarian view", or are there more who expect a proper correction right now?
I see what you see in addition to other indicators. The trick is to look at the indicators and not with your heart. For those looking for an upward price tend to only see things that support this ( I too want the price to go up, unfortunately "wanting it" does not make it happen).
Below is the
3d chart from Bitfinex: Note the orange arrow with a Doji and the green arrow shows the confirmation. And the red circle denotes the "Crossover - As shown in the chart below, when the MACD (white line) falls below the signal line (orange line), it is a bearish signal, which indicates that it may be time to sell."
Now note the
1d chart Bitfinex: The green arrow noting the Doji and the orange arrow confirming. See also the red circle showing another MACD crossover indicating a bearish signal. Again, I am not a bear, I do wish for the price to continue upward. This is just my chart reading. Also not shown on these charts is the 1w RSI indicator showing still overbought.
But please don't take my charting trend analysis as fact, research your own opinions.