Possible double bottom

2021年5月29日

Alot of people are looking at the possible inverse head and shoulders but we have a regular head and shoulders already complete with a target that would bring us down to fill out a really nice double bottom, a lot of support in that area and matches up well with what bitcoin is doing, I think this will be a great time to enter a long position if it plays out and we get some confluence. I will personally be looking for crosses on mac d, moving averages and a few other things but to me all signals point to a buy if this plays out. Now how high we will bounce, that I do not know. A lot of stuff going on with eth right now that is super bullish but we are also fighting a lot of negative press around crypto, bitcoin dominance and a large influx of noobs panic selling. Its really hard to say what the future will hold.