Napoleon_Carnegie

BTC bservation of general pattern: Triple bottom approaching?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Could we see a triple bottom soon? Why not? BTC has been at the mid 6000's level twice this year (Feb and April) and before that was mid November 2017. Since mid December 2017 the overall trend has been bearish and could this be an indication of trend reversal?. Are we about to test the mid 6000 support again after 2 months? It does appear we are heading toward that destination soon which could be very healthy if it holds up.

This is not financial or psychological advice, it's simply to bring forth ideas. Thanks!
Comment: Thought: BTC going up a bit as usual before retracing back to mid the 6000 level to complete the triple bottom as it did in the prior double bottoms. Seems to make sense and would be a healthy sign of completion.

This is not financial or psychological advice, it's simply to bring forth ideas. Thanks for your thoughts!

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