BTC Double Bottom
Updated
The Double Bottom Reversal pattern emerges on the global Bullish Trend Line support.
9500.0 level is the Double Bottom Resistance, the breakthrough of this level confirms the formation of the figure.
If the price will hold above the 9500.0 level and if volumes will rise - the beginning of the uptrend movement should be considered. Next resistance will be 10000.0 psychological level and Bearish Trend Line resistance.
9500.0 level is the Double Bottom Resistance, the breakthrough of this level confirms the formation of the figure.
If the price will hold above the 9500.0 level and if volumes will rise - the beginning of the uptrend movement should be considered. Next resistance will be 10000.0 psychological level and Bearish Trend Line resistance.
Note
Breakthrough of the 9500.0 level dismisses the Double Bottom scenario. It seems that lateral movement in the 8000.0 - 10000.0 zone will be prolonged.
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