toabyt
Short

( BTC/USD:COINBASE ) Potential Double Bottom

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hey Traders,

An update on my view of the current situation for bitcoin .

We are setting up for a double bottom if we cannot hold onto these key supports, we need to be able to break the descending trend line and hold . The decline in volume on the Squeeze is setting up for a big move ahead of us. MAC D is also declining on the hourly .

Please be safe tonight and set stops!

Thank you.
Comment: UPDATE: we have broken out of the downtrend and will continue to see some upside for a while. This is most likely because of the Binance problem clearing up. I have bought back in for now. Happy trading!
UPDATE: we have broken out of the downtrend and will continue to see some upside for a while. This is most likely because of the Binance problem clearing up. I have bought back in for now. Happy trading!
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