Please feel free to comment your thoughts or remarks on my charting so we can learn form each other.
- Bitcoin formed a double bottom
- Followed by a symmetrical triangle pattern
- Volume decreasing in the triangle
As we know, symmetrical triangles can go both ways. We'll need to watch for a breakout or breakdown followed by a sharp increase in volume.
Breakout target: 7363 (daily level)
Breakdown target: 6590 (hourly and daily level)
- Bitcoin formed a double bottom
- Followed by a symmetrical triangle pattern
- Volume decreasing in the triangle
As we know, symmetrical triangles can go both ways. We'll need to watch for a breakout or breakdown followed by a sharp increase in volume.
Breakout target: 7363 (daily level)
Breakdown target: 6590 (hourly and daily level)