Double bottoms at 200 MA and eventual bullish trend continuation setup:
Eventual Bearish Bat;
IF 2nd target reacehd it ill forge the 2618 bullish setup, projections above the higher highs...
Of course, any close below the major double bottom will invalidate the idea.
At last but the most important:
we only validate a double top/bottom after a broken...
If you want to make a dollar or two from scalping, watch the lower support and buy if you see signs of reversal upon reaching that point. I'd say it is a likely buy if it reaches the bottom, stronger line of support.
That said, Aug 2 could bring either a surge or a major dip. Watch the news carefully and don't go against the overall trend. So far, it seems to be...
This is an interesting phenomenon, the 1 year spreads in BTC prices have now converged. Weekly charts show $BTC can continue rallying, but it is good to take some precautions, holding equal amounts of $ETH as a hedge to it.
I'm not sure of the implications of the spread closing like this, but it might affect prices soon. Perhaps it is related to Bitfinex, since...
![BTCJPY: [BTCJPY] Catch the wave !](https://s3.tradingview.com/l/l3DHs8wW_mid.png "[BTCJPY] Catch the wave !")
![BTCJPY: [BTCJPY] Last push up!](https://s3.tradingview.com/e/eZSGjWZo_mid.png "[BTCJPY] Last push up!")
