Bitcoin: Break it down! (with double bottoms)
Another day another pattern spotted; it seems this one is called a Double Bottom Breakdown. It's the first time I've used these geometric shapes so I hope they look OK.
FYI: Double Bottom Breakdown definition: stockcharts.com/school/doku.php?id=chart_school:chart_analysis:pnf_charts:pnf_bearish_bd
Since the fall from the "artificially" held $6000 level, BTC has been stepping down through the levels testing each one when it reaches. It looks like we have been through two cycles of this now; the current one a smaller version of the first. Will we see another another even smaller one that follow? We will see something else?
Ideas, comments and opinions below. Cheers!
FYI: Double Bottom Breakdown definition: stockcharts.com/school/doku.php?id=chart_school:chart_analysis:pnf_charts:pnf_bearish_bd
Since the fall from the "artificially" held $6000 level, BTC has been stepping down through the levels testing each one when it reaches. It looks like we have been through two cycles of this now; the current one a smaller version of the first. Will we see another another even smaller one that follow? We will see something else?
Ideas, comments and opinions below. Cheers!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.