This end of the year bitcoin will show why is the #1
We have the famous double bottom that everyone is talking about.
I mark a horizontal resistance that in my opinion is where it will stop shift to the upside. However, if we cross the line with high volume there is a chance that we see a continuation.
If the latter happens I believe that it will end up somewhere inside the rectangular area. There is a lot of volume on that region an it could ether be what it stops the trend or where it consolidate and move horizontally.
I mark a horizontal resistance that in my opinion is where it will stop shift to the upside. However, if we cross the line with high volume there is a chance that we see a continuation.
If the latter happens I believe that it will end up somewhere inside the rectangular area. There is a lot of volume on that region an it could ether be what it stops the trend or where it consolidate and move horizontally.
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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.