It could be argued that stochastic bottom double is a bearish signal
I see it as a bullish divergence because 1. price is hitting lower Bband
which has previously signaled a short term reversal, 2. price/volume trend
is in a falling wedge, which is a bullish reversal pattern that suggests
we are entering a zone with higher long-btc buyer volume and people
closing their shorts.
Lets see.
I see it as a bullish divergence because 1. price is hitting lower Bband
which has previously signaled a short term reversal, 2. price/volume trend
is in a falling wedge, which is a bullish reversal pattern that suggests
we are entering a zone with higher long-btc buyer volume and people
closing their shorts.
Lets see.