BTC forming a bottom
There is a chance that BTC is finally forming a bottom here. We have the characteristics of a double bottom in place here. The volume is expanding on the last move up after a selling climax on the first bottom and selling volume shrinking on the second bottom.
This formation is a textbook Eve and Eve formation. It is the most reliable among the double bottom with very low failure rates.
Traders will need to be patient and buy a valid breakout.
So fasten your seatbelt, because either way it will be a rocky road.
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This formation is a textbook Eve and Eve formation. It is the most reliable among the double bottom with very low failure rates.
Traders will need to be patient and buy a valid breakout.
So fasten your seatbelt, because either way it will be a rocky road.
FOLLOW ME, SHARE, LIKE AND COMMENT.
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