BTC could see a double bottom and reverse trend
As can be seen in the figure, the decline of the rising wedge has been satisfied, and two bottoms have been completed, forming the left and right feet of the double bottom.
If the price breaks the neckline of the double bottom (20582.64) and closes above this level, the double bottom will be established.
After the double bottom is established, pay attention to the upper resistance:
20873.38~20990.96
21243.22
Double bottom meets price: 21651.54
-
If the price comes to 21651.54:
1. If the trendline pressure is not broken, the bears continue.
2. If the price comes above the trend line and steps back on the trend line support, we can try to go long.
-
If the price breaks the neckline of the double bottom (20582.64) and closes above this level, the double bottom will be established.
After the double bottom is established, pay attention to the upper resistance:
20873.38~20990.96
21243.22
Double bottom meets price: 21651.54
-
If the price comes to 21651.54:
1. If the trendline pressure is not broken, the bears continue.
2. If the price comes above the trend line and steps back on the trend line support, we can try to go long.
-
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