I've seen this pattern multiple times, but how well will it follow this time? If this continues to play out, I'm expecting: - Short consolidation around the previous bottom (red box) - Dropping a bit further to form the actual double bottom (white box). - Rally to resistance (yellow box). My target bottom range 6300-6500 also happens to align with the CME gap.
looks almost exactly like 2017 w another perf a&e double bottom :D
I saw this yesterday while making my bullish scenarios and it lowkey made me feel sick; however, now it's time to suck it up.
Drawling lines, ignore me.. unless.. ahaha
Either this is going to zero or we bottomed; I would like to believe we bottomed. Take this or don't. I entered this yesterday with an entry of $20.99 (~7%+ already). If you saw before, $TLRY jumped from $20-$300 (~1400% gains) in just about two months. Definitely one to watch.
I mainly made this for myself since I've been seeing a lot of similar patterns, and decided to share/publish so I would be able to track (load new bars) as time goes on. Twitter: @BryptoBelz Discord: DM for link
It currently feels exactly like how crypto/btc was right when I joined in 2017. Let's keep the meme alive.
Until ETH can break over this resistance line and flip, I believe that ETH will continue to go lower. Twitter @ BryptoBelz DM me for discord link.