Hello Traders
During the past two bubbles Bitcoin has triple bottomed before beginning a subsequent rally. If this pattern repeats for a third time we will spike down to 230s before attempting a new rally.
By bouncing up from this level , we would still be above the downtrend line (red) thus keeping Bitcoin in an overall bullish territory.
Looking at the past two bubbles a high volume triple bottom bounce from the trendline would secure 230s as the absolute bottom making it an excellent buy signal.
During the past two bubbles Bitcoin has triple bottomed before beginning a subsequent rally. If this pattern repeats for a third time we will spike down to 230s before attempting a new rally.
By bouncing up from this level , we would still be above the downtrend line (red) thus keeping Bitcoin in an overall bullish territory.
Looking at the past two bubbles a high volume triple bottom bounce from the trendline would secure 230s as the absolute bottom making it an excellent buy signal.
