What makes you think this is the start of a new uptrend? It's just a small correction before we continue down. The market still lacks actual demand.
ChartArt
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Like Yolos said: "Very nice double bottom."
I have seen a similar bullish pattern the last time on April 10-11, 2014.
MoonTrader
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It is a nice double bottom, but that doesn't necessarily mean it's a complete reversal.
MoonTrader
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I'll admit it's actually very nice. It also lines up perfectly with the 2 previous major lows on Huobi since the last bubble. There could be some potential here, but I'm not getting my hopes up yet.
MoonTrader
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And for the record, I am long right now ;)
Yolos
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Very nice double bottom. I agree that there is a lot of upside potential here. But I don't think the long term downtrend is over.