BTCUSD Bottoming Pattern? A potential outcome.
Bitcoin historically loves prominent double bottom patterns on the Daily/Weekly timeframes before going on to rally.
Considering the current market outlook with CORVID 19 being a catalyst for an economic downturn across the board, I would not expect Bitcoin to simply move back into a bullish rally before establishing a low with an accumulation phase.
This chart represents that possible pattern supported by my custom MA algorithm.
Considering the current market outlook with CORVID 19 being a catalyst for an economic downturn across the board, I would not expect Bitcoin to simply move back into a bullish rally before establishing a low with an accumulation phase.
This chart represents that possible pattern supported by my custom MA algorithm.
Wizard money evangelist 🪄✨
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