Everyone talking double-bottom reversals, but price movement up lacks conviction. Look at previous reversals throughout the cycle structure. There are three major pushes down (three dips) before the up trends begin. this pattern is repeated over and over, even on the current dip and move up, but on a smaller time frame. Even on the daily, a three push pattern is evident.
My idea is that push one (Dig 1) is in. Push two (Dig 2) is incoming within a day (Nov. 30, a Friday) with push three (Dig 3) behind that. The second or third push usually bring the lowest price point, the true bottom of the attempted reversal. I don't think it will get crazy low, but it could break 3500.
Watch your coins.
My idea is that push one (Dig 1) is in. Push two (Dig 2) is incoming within a day (Nov. 30, a Friday) with push three (Dig 3) behind that. The second or third push usually bring the lowest price point, the true bottom of the attempted reversal. I don't think it will get crazy low, but it could break 3500.
Watch your coins.