AndrewEDavis

Possible Double Bottom - Bitcoin showing positive signs

לונג
AndrewEDavis מעודכן   
BITFINEX:BTCUSD   ביטקוין
Bitcoin showing positive signs so far.
A "Double Bottom" is a Bullish reversal chart pattern that is found at end of a downtrend.
We still need to observe the next hours of price action.
Looking for a breakout at the neckline.
Possible quick play up to 7930.
הערה:
The 7530 region was defended x4 times (showing it was a key area of interest) until eventually, we unfortunately broke below (but not too far).
As mentioned before, we need to observe at this time for confirmation of a bottom and reversal.
Bullish: Cross 7800
Bearish: Break 7300

הערה:
May main bottom target of these past days/weeks was constantly 7200-7300, which we hit right in the middle of today.
I see more volume here than we've seen in a while (which is a good sign). Still, we must observe further before attempting to predict next targets.


כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.