Ugly Double Bottom Potential on BTC 30.
All necessary text is in the chart.
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We're going lower and my ugly double bottom failed to confirm.My descending broadening triangle now looks to hit the bottom trendline again.
Major distribution happening now, 5 bear candlesticks in a row.
I see price touching the $9,500 (the bottom trend line) and bouncing from there, or alternatively breaking even lower, which would require a new assessment.
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Successful trading idea.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.