BTC USD Did we had the long expected double bottom?
Hi, this is not trading advise. I'm not a trading professional, nor an advisor.
When I set the daily scale and in log mode, there is a bottom trend line, that has been touched three times. Granted that this last touch, was done by a wick and not a candle's body. Could it be that this was the double bottom that was long awaited? And from now on we are heading up?
We may also get a break from the MT. Cox's Dumping whale until Sept 18 of 2018. That may give BTC some room to expand in the upcoming months.
When I set the daily scale and in log mode, there is a bottom trend line, that has been touched three times. Granted that this last touch, was done by a wick and not a candle's body. Could it be that this was the double bottom that was long awaited? And from now on we are heading up?
We may also get a break from the MT. Cox's Dumping whale until Sept 18 of 2018. That may give BTC some room to expand in the upcoming months.
Komen:
The double bottom on the trend line may be here now (3/14/2018) at $8.296. This time is being touched by the candle's body. Still to see how the day progresses. the contact point may become a wick if the price pushes up by day closing.