Ugly Double Bottom Potential on BTC 30.

All necessary text is in the chart.

Yorum:

We're going lower and my ugly double bottom failed to confirm.

My descending broadening triangle now looks to hit the bottom trendline again.

Major distribution happening now, 5 bear candlesticks in a row.

I see price touching the $9,500 (the bottom trend line) and bouncing from there, or alternatively breaking even lower, which would require a new assessment.

Yorum:

Successful trading idea.