BTC - Bounce from 10k$ confirmed
Hello all,
Here is the chart of yesterday :
Here is the current chart :
Today we had the confirmation of the bounce from the 10k$ support line. We an even see a W pattern on the chart which is a bullish pattern, the opposite of the double TOP. Let's see if this pattern will be confirmed. We must for this go higher than the level around 10500$, the start of the W.
I wish you massive profits,
Cryptopassion.io
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How do you feel it man? up or down? I saw the Greed/Fear indicator was close to "extreme fear" so you know what they say "be greedy when others are fearful"
hehe I'm more thinking for a UP but look how we have hard time to break 10500 which will confirm the W pattern. The market itself is not sure of the direction he wants
Good spot on the 'w' pattern. The way the pattern is forming in relation to the bollinger bands is indeed a classic bottoming pattern. John Bollinger talked about it a lot in his book.
Thank you my friend, you are welcome to share you TA here ;)