Btcusd and Imaginary Bottom Patterns for the symbol BITSTAMP:BTCUSD by desmond34 — NewsOfFinance

Hello ,

In this study, in a weekly period Btcusd By examining the chart, I analyzed possible bottom patterns.

As the prices stay below the yellow line, the sellers are stronger, but the compression and bottom patterns that will occur under this zone should also be taken into account.

The pattern examples that I expect to form in this region in the weekly period are the double bottom and tobo formations. I wanted to express both possibilities with a rough drawing on the graph.

I also showed the trend on the rsi and the 200-week average on the chart. The consolidation that will occur in the 200-week region and the subsequent rsi trend break will be positive signs…

The sharing I made is a graphic work. Not Investment Advice!

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