Just an idea... but I measured those first two for length and price to create that third pump of equal proportions
That dump is based upon a couple things.. lots of miner sending BTC to exchange... and a that would make a second bottom about a month after the first, which will make that a bit more convincing as double bottom
we could dip much further, but I doubt it, the low prices have lots of competition
maybe that double bottom actually is closer to completing a convincing H&S
That dump is based upon a couple things.. lots of miner sending BTC to exchange... and a that would make a second bottom about a month after the first, which will make that a bit more convincing as double bottom
we could dip much further, but I doubt it, the low prices have lots of competition
maybe that double bottom actually is closer to completing a convincing H&S
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may skip the lower move and just proceed upward... lets see what DXY does, as I'm sure that's what btc traders are mostly waiting tooNote
I still consider this in play. price moved up before the downward move in a premature bullish phase... tho rejected the market remains overwhelmingly bullish.LFG
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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.