tylert27

btcusd double bottom, go long??!?

Long
COINBASE:BTCUSD   Bitcoin
looks like the double form pattern has passed the confirmation point and retraced with a bounce. macd is allowing divergence with a potential crossover to the downside however this showing off momentum is also needed for the pullback to confirm the double bottom.

i could see a further pullback to the 37-38k range i previously mentioned in an earlier post and this would confirm both analysis.

historically speaking, September is a down month for BTC and US stock markets and a further pullback in the coming week would be expected before a push to the end of the year.

btc looking strong. now is the time to BTFD

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