Bitcoin Daily, Triple bottom pattern.
How does it work?
The triple bottom pattern consists of three acute lows at around the same price levels.
The pattern typically takes almost 4 months to develop. It is one of the longer patterns to develop.
The triple bottom is a reversal pattern. This means it is important to the quality of the structure that it starts with a downward trend.
If we take a look, it actually did take more than 4 months indeed. I'm midterm bullish on bitcoin, and decided to share this scenario with you. This scenario will get cancelled if we break below our lowest low. Enjoy!
How does it work?
The triple bottom pattern consists of three acute lows at around the same price levels.
The pattern typically takes almost 4 months to develop. It is one of the longer patterns to develop.
The triple bottom is a reversal pattern. This means it is important to the quality of the structure that it starts with a downward trend.
If we take a look, it actually did take more than 4 months indeed. I'm midterm bullish on bitcoin, and decided to share this scenario with you. This scenario will get cancelled if we break below our lowest low. Enjoy!