A Double Bottom Pattern Has Formed On the 30min BTC Chart? for BITFINEX:BTCUSD by DrDovetail

trendanalysis chartpattern double bottom reversal pattern bitcoin btcusd btc

What do you guys think? Could finally mean a trend reversal after yesterday's vicious mauling by the bears.

Comment:

Hardly any volume swells to go with it once it broke the neck line but it's currently moving upward the way you'd anticipate the candles to ead on a double bottom. I'm remaining cautiously optimistic. binance, bittrex and other major exchanges aren't doing the markets any favors by closing their doors to new registrants. I think once they do massive volume spikes will come pouring into the industry.

Comment:

if the trend is valid even without the volume spike, then we could see the upward momentum carry us as high as 10600 maybe further.

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