JolleyCrypto
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$BTC Possible Double Bottom

BITFINEX:BTCUSD   比特幣 / 美元
Lot's of bouncing coming from BTC             . I don't expect another retrace lower for those trying to buy the dip :)
評論:
評論: Breakout of descending resistance.
Next stop, the lower high of the double bottom!
BTC Tip Jar: 1HeAnf3q6FQr36gntT7mixMV1zB9qjnrsH

BCH Tip Jar: 1FTdDDMbN2BA5VZxr3KWWkHu9caa2enfMg

ETH Tip Jar: 0x6a2F61303740b75a3D97F90d2c19F78b594eCe6c

LTC Tip Jar: LdX3ZsG9D3P5dWSAMxmcC3ZZrAeYoNFYTb
looks like a descending triangle, could also argue a bit of a h&s. Should be bearish but a close above that downtrend line should have big upside. Once of those situations I wait for the break.
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There is no way this could happen.
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Thanks, happy new year :)
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But double bottoms on BTC always means bearish movement to come.
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JolleyCrypto silmaril0875
@silmaril0875, A double bottom is a reversal pattern so that's not right. Whatever you were watching wasn't a Double Bottom
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silmaril0875 JolleyCrypto
@JolleyCrypto, I think you need to go back in BTC time and see for yourself...
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JolleyCrypto silmaril0875
@silmaril0875, Since you seem to know so much about double bottom formations why didn't this go bearish? Also, this was the previous breakout before the bull run to $19k. You sir need to study some more charts :)
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silmaril0875 JolleyCrypto
@JolleyCrypto, lets see, if you wrong, please make sure you post it...
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JolleyCrypto silmaril0875
@silmaril0875, How about we make a friendly bet? Surely you are willing to put your money where your mouth is? ;) BTW this is already posted so everyone can see
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silmaril0875 JolleyCrypto
@JolleyCrypto, That's what blogs are for :)
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