Bitcoin could be forming a potentially Triple Bottom pattern
As I promised here is my description !
While everyone is complaining about the decease of the last two weeks, I see a potential growth between now and the 18th of august!
In my opinion Bitcoin is making a tripple bottom.
There is to much support and good news to go a leg lower. If the confirmation line breaks around 610 we can calculate the new resistance level. This will be: 610+ (540-680)= 740 +/- It's safe to buy around 610 because if that trend line is broken we will see a new rally to around 740!
If my opinion isn't correct we will fall down to around 420, but this seems very unlikely to me.
Have a great day guys!:)
While everyone is complaining about the decease of the last two weeks, I see a potential growth between now and the 18th of august!
In my opinion Bitcoin is making a tripple bottom.
There is to much support and good news to go a leg lower. If the confirmation line breaks around 610 we can calculate the new resistance level. This will be: 610+ (540-680)= 740 +/- It's safe to buy around 610 because if that trend line is broken we will see a new rally to around 740!
If my opinion isn't correct we will fall down to around 420, but this seems very unlikely to me.
Have a great day guys!:)
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