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LaurenTrading

Double Bottom BTCUSD --> BULLISH MOV'T AHEAD (supporting vol!!!)

Long
Bitcoin (BITSTAMP:BTCUSD)  
LaurenTrading  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Support and Resistance Double Top or Bottom Bullish Patterns Double Bottom BTCUSD Bitcoin (Cryptocurrency) bitcoinforecast bullishbitcoin bottom
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trendanalysis supportandresistance doubletoporbottom bullish doublebottom btcusd bitcoin bitcoinforecast bullishbitcoin bottom
This double bottom pattern pattern describes a change in trend, and thus a reversal of momentum, from a previous downtrend. This changes the prior leading price action, switching from the downward movements and indicating the bullish up-moves ahead. As a typical double bottom, it looks like the letter "W". We advise a long position with the price target equal to the height of the pattern, a move with the magnitude of 4.77%, to 10924. Especially pertinent to note is the huge comparative volume on the up moves within the pattern's formation, substantially larger than the bearish movements. This strengthens the likelihood that this bullish reversal pattern is real, and will be realized.
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