BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
418 6 7
I´m pretty sure we´ll retest the lows after this bat.
actually i think it's a big adam and eve bottom, with the first sharp bottom on 2015/1/14 and a round eve bottom with a pattern like double bottom, and price seems to form a cup with handle now.
If price breaks 295, i think the price will go up to at least 360.
And even it's a head and shoulders bottom, the right bottom should be a little higher than the left shoulder and the middle bottom.
What makes you being so sure?
Coinsidering oleg.golubovich
a pattern is a pattern.
+1 Reply
oleg.golubovich Coinsidering
AFAIR typical reracement for this one is far away from the dips on your graph... and it is not the only one that can be found on the BTC chart (though I'm not a pattern master and don't use them as the only trading basis).
+1 Reply
you will only see a significant fall after the height around 1st or 2nd august...until than expect only a climb. up to around 340.
we will see. actual rise is looking very weak.
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