Reversal Pattern in play?

in bitcoin •  2 years ago 

Bitcoin looks to be putting in a reversal pattern...

Normally I would say triple bottoms are a like a camera shy Kardashion, they don't really exist...

Normally when you see a price touch a resistance area 3 times, it is likely to burst through that area in the not too distant future...

However, looking at this pattern below, and it looks like the opposite might play out here:

image.png

(Source:

1549089114355548166/photo/1) twitter metadata:cm92ZXJjcmN8fGh0dHBzOi8vdHdpdHRlci5jb20vcm92ZXJjcmMvc3RhdHVzLzE1NDkwODkxMTQzNTU1NDgxNjYvcGhvdG8vMSl8 ~~~

It looks like we have a rounding bottom with 3 touches and a break above the resistance level.

If this were to play out as forecasted, we could see bitcoin move back up near $28k in the coming weeks.

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  ·  2 years ago  ·  

I can see it too but lets be careful of the bull , August might hit the heat hard and logic prediction is for the bear to reach 10k bottom .

  ·  2 years ago  ·  

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  ·  2 years ago  ·  

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