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jaqobs
Jun 11, 2018 6:23 AM
BTC Bounce in mid June to close monthly in 8-9k range.
BITFINEX:BTCUSD
720
Bitcoin / Dollar
Bitfinex
Description
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Jun 11, 2018 6:23 AM
After consolidating in this range for nearly 2 weeks, the bear flag broke down quite violently. There was a high volume sell off and this could be the beginning of 1-3 days of capitulation selling to finally form a proper bottom.
Trend Analysis
Comments
nadjib
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Jun 11, 2018 6:31 AM
if you check weekly BTC chart you can see a triple bottom what do you think
jaqobs
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Jun 11, 2018 6:50 AM
@nadjib
, I don't have a target for the drop but yeah, a triple bottom seems like a possible play here.
laz.nadjib
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Jun 11, 2018 6:54 AM
@jaqobs
, check it out here
jaqobs
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Jun 11, 2018 7:31 AM
@Laz
.nadjib, Thanks for the chart.
I hope this is just a bull flag before continuation by December :D
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