ICXBTC - Binance - 4h - Pair shows formation of Double bottom.
This provides good opportunity to execute 2618 strategy, first breakout at 1618 retracement of last leg, which could be first profit taking level.
After this break out, a retracement of atleast .618 is expected which could provide another buying opportunity below 0.618.
0.618 retracement of CD leg of BAT pattern is making confluence with 1.618 level of inversion of double bottom leg, this create a strong confluence.
This provides good opportunity to execute 2618 strategy, first breakout at 1618 retracement of last leg, which could be first profit taking level.
After this break out, a retracement of atleast .618 is expected which could provide another buying opportunity below 0.618.
0.618 retracement of CD leg of BAT pattern is making confluence with 1.618 level of inversion of double bottom leg, this create a strong confluence.
Note
Invalidated double bottom 4h, what to expect next. Here are some scenarios 
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.
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.