NikanShakeri

double bottom on 1H BTC chart?

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
I was watching this demand zone very closely and looking for a good price reaction.as you can see,BTC has formed a double bottom pattern which is fundamentally a reversal pattern.I expect a upward move toward 22000-22200 zone.but be careful,this is a scalp trade and thus much riskier.if you are not a scalp trader,it's better for you to watch the market for now and simply sell the highs!good luck all!
(also check out my ETH idea it went perfect!)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.