Is Bitcoin going to Double Bottom AGAIN
And on a longer Term Bullish note
I been watching this CUP & HANDLE since late 2018
Note : the vertical orange line from Dec 2018 Low to neckline is the same length line from Lower trendline to Top trendlineon right in Channel ( Measured Move od CUP ) It fits the trendline GAP perfectly
Also Note the similar day count to Double Bottom IF PA comes back down to meet Lower Trendline again. The upper line of the Handle, Meets the lower Channel trenline bang on time.
Please allow a few days Tolerance of error as this is a WEEK chart and obviously, there are 7 days in a week...so if this happens, it could be within a 2 week period of suggested dates
As it turns out, on Earlier "Cycles" what appeared to be a possible Handle became another CUP and everythin points to this happening again, subject to real world conditions
However, as mentioned in previous posts, this maybe the last time this happens like this
Only Time will tell
There is SO Much going on
I been watching this CUP & HANDLE since late 2018
Note : the vertical orange line from Dec 2018 Low to neckline is the same length line from Lower trendline to Top trendlineon right in Channel ( Measured Move od CUP ) It fits the trendline GAP perfectly
Also Note the similar day count to Double Bottom IF PA comes back down to meet Lower Trendline again. The upper line of the Handle, Meets the lower Channel trenline bang on time.
Please allow a few days Tolerance of error as this is a WEEK chart and obviously, there are 7 days in a week...so if this happens, it could be within a 2 week period of suggested dates
As it turns out, on Earlier "Cycles" what appeared to be a possible Handle became another CUP and everythin points to this happening again, subject to real world conditions
However, as mentioned in previous posts, this maybe the last time this happens like this
Only Time will tell
There is SO Much going on
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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.