BTC - double bottom?

1 Mar 2019

Besides a very bullish dragonfly doji that can be seen on a 4-hour chart, BTC has been still consolidating in a tight range between $3800-$4000. The dragonfly doji in conjunction with the divergence in stochastics could be part of a bullish double bottom. The double bottom neckline was breached, and quickly rejected off the 50ma on decent volume. Thus i remain bearish until price can stay above the 50ma.