stupendelious

Double Bottom to Reverse Current Downtrend?

Long
BITSTAMP:BTCUSD   Bitcoin
A double bottom looks to be forming on BTCUSD. It is still to soon to completely call it as a double bottom, but keep watch of the pattern. At 13,000 level recently a double bottom formed with very similar characteristics as this one and that led to a major trend reversal. This could be the trend reversal that we have all been waiting for. Happy Trading!

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