Is Bitcoin In The Middle Stage Of A Double Bottom Pattern?

Here's a possibility: Bitcoin is currently in the middle of a double bottom pattern. After recently hitting almost 14K the price seems to be retracing, although it is possible it may retrace a lot lower than people are hoping. We could see the price come back down to 6K, 5K, and maybe even 3K before finally taking off for the moon.

The RSI is strong, but the Stoch is indicating that we are overbought. The price has breached the top of the Bollinger bands. Both signs that we could see further drops.

Let's see how this one plays out.

Commento:

I have a feeling the green box is our next stop.

Commento:

Could be building an inverse H&S

Commento:

Well that played out pretty well, damn.