Fat ass double bottom or a 4hr Cup and Handle forming as we speak?
3-4-5-6 broke my trend-line, 5-6 closed above it for confirmation.
My re-entry was at .045, exit at the wick on a limit sell on the .05899, re-entry on the .044, the bears tried to shake me out at .0421! I am trading the chop until the herd comes.
I am nervous, too many winning trades, I am going to say a prayer to Lord Crypto!
**The double bottom breakout is a bullish reversal trading pattern that emerges at the end of a bearish trend.
***The real trap comes from the handle component. This gradual and slow range is what will set the stage for the bullish trend to restart. People will think this is a double top which will trap some weak sellers (me) when we finally break upwards.