We are seeing many double bottom patterns showing up, so this pattern can be used now with good accuracy.
When you see an Altcoin forming a double bottom at a higher or lower low, you know that a bullish breakout comes next.
Immutable X (IMXUSDT) is already moving, quite strong to be honest but many Altcoins are still trading near support.
These other Altcoins are yet to move up but here we can see what is coming to those charts.
These Altcoins produced a low late 2022, November/December. The next move was a strong bullish wave early 2023 followed by a strong correction.
This correction ends either in a higher low, as is the case here with IMXUSDT, or a lower low; Higher or lower low makes no difference. After the correction prices move up.
We have many Altcoins breaking bullish, growing 2-3 digits daily and many others waiting for their turn.
What we see here will continue to happen for many weeks, the strongest bullish wave of 2023.
Enjoy the profits. Maximize profits.
After this current bullish wave we get another correction, the pre-halving (Bitcoin) correction, followed by a full blown bull-market, that's 2024.
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