ReeceRingnald

BTCUSD Adam and Adam Double Bottom with Handle/Flag on 8 hour

KRAKEN:XBTUSD   XBT / USD
Bitcoin ( BTC ) has formed an Adam and Adam double bottom with a bull flag/handle on the breakout price. While this could form a sign of reversal, I tend to think that the shorts are now too low; overhead resistance appears quite strong. We're in a consolidation area, awaiting breakout in either direction. I tend to think we'll break DOWN; however, I cannot guarantee anything.
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