BTC
Started trading at 1 around Apr 2013 and went all the way to 1175 in Nov 2013 (1175x) and dropped all the way to around 100 and broke out at around 330 in Oct 2015 and never looked back. Pattern involved in this setup was RdB (Rounding bottom).
A similar characteristics is observed now.
From around 330 in Oct 2015 to 19900 in dec 2017 (60x) dropped all the way to around 5700 in Jun 2018 and hovering around 5700 to 6000 since feb 2018 forming a solid base with Lower highs but with CONSTANT LOWS (NOT LOWER LOWS) indicating a strong base building. This is a characteristic of RdB pattern. However, a confirmation is required to confirm this pattern which in an ideal situation becomes valid above 8600. Possibly above 8600, the potential for this asset to go past its prev high of 19.9k is high.
A similar characteristics is observed now.
From around 330 in Oct 2015 to 19900 in dec 2017 (60x) dropped all the way to around 5700 in Jun 2018 and hovering around 5700 to 6000 since feb 2018 forming a solid base with Lower highs but with CONSTANT LOWS (NOT LOWER LOWS) indicating a strong base building. This is a characteristic of RdB pattern. However, a confirmation is required to confirm this pattern which in an ideal situation becomes valid above 8600. Possibly above 8600, the potential for this asset to go past its prev high of 19.9k is high.
Trading is my passion.
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