BTC USD Did we had the long expected double bottom?
Updated
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.
Note
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.
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