Maddie
Long

Bitcoin could be forming a potentially Triple Bottom pattern

BITSTAMP:BTCUSD   Bitcoin / Dollar
613 26 18
As I promised here is my description !

While everyone is complaining about the decease of the last two weeks, I see a potential growth between now and the 18th of august!
In my opinion Bitcoin is making a tripple bottom.

There is to much support and good news to go a leg lower. If the confirmation line breaks around 610 we can calculate the new resistance level . This will be: 610+ (540-680)= 740 +/- It's safe to buy around 610 because if that trend line is broken we will see a new rally to around 740!

If my opinion isn't correct we will fall down to around 420, but this seems very unlikely to me.

Have a great day guys!:)
Hi, shouldn't it be in an established downward trend for triple bottom to occur?
Reply
Maddie Asterix
Yes it could be, but I think there is a good possibility it won't.
That's also why I put the buy signal around 610.
Reply
Well spotted ! = )
Imo trading breakouts is not very profitable.
instead I like to spot certain reversals and new trends.
by the time we cross your buy signal line not much steam will be left (unless we have a moon run :D)
Cheerz : ]
Reply
Maddie MagnusTradingGroup
Thanks, we will see.
Just spotted it and wanted to share this with you all!
I'm very curious to everyone's opinion!
Have a nice day :)
+1 Reply
Triple bottom (or thereabouts) is looking good to me right now...
+1 Reply
Maddie johnrfraser
Thanks :)
Reply
Cryptos doesn't have enough volumes to trust in indicators... often it happens the opposite we expect... it is a Russian roulette
Reply
Maddie magarto
We will see!
Reply
A woman doing technical analysis... I am so turned on right now.
+1 Reply
Maddie NicoNaylor
Haha, it's weird right!?!
+1 Reply
Asterix Maddie
No, it is not. Unless you believe that women are inherently less intellectually capable - which I hope you do not believe?
+1 Reply
Maddie Asterix
hahah no of course not :)
+1 Reply
NicoNaylor Asterix
Or it's because I'm turned on by the prospects of a woman being more right-brained as oppose to left-brained to which they are inherently prone.
Reply
Maddie NicoNaylor
hah thanks! :D
Reply
Asterix NicoNaylor
You do not know yet that all these people online with attractive female avatar are male teenagers with horrible acne? ;) So do not get too turned on ;) Although the technical situation is pretty exciting now.
Reply
Maddie Asterix
No that's not true you can find me on Facebook.
My instagram page it's linked to my tradingview account ;p
I'm just a smart young woman who follows in the footsteps of her father :)
Reply
That is so hot! OMG I want your genes in my gene pool lmao!
Reply
Maddie NicoNaylor
sarcasm -_-
Reply
I swear that's not sarcasm. I'm serious. I wish I could meet someone like you.
Reply
Maddie NicoNaylor
hah okay ! :)
Reply
I was looking at the 530 level. That one seems more likely since it is also where past supply turned into demand.
Reply
Maddie NicoNaylor
Why do you think the past wil repeat?
Reply
Whenever I see consolidation and a burst of demand near past resistance that future demand and has not yet been tested, that usually becomes the pivot point where the long-term trend continues.
Reply
NicoNaylor NicoNaylor
Whenever I see consolidation and a burst of demand near past resistance that BECAME demand and has not yet been tested, that usually becomes the pivot point where the long-term trend continues. ***
Reply
Maddie NicoNaylor
Hmm, I don't think it's a strong argument for another leg down but maybe i'm to positive. The only thing we have to do is wait! :)
Reply
The way I see it is this 555 level has been tested twice already and it is about to test it a 3rd time. In my experience, when price tests a supply level 3 times it'll usually break through it and test lower levels until it finds demand.
+2 Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out