BTC: Triple Bottom (Double Bust)

27 thg 7, 2022

A daily close above 22.5 could put up a morning star candlestick pattern. An underside test of 28.4 would be likely at that point. Double bust triple bottoms are more likely than triple bust triple bottoms. Need to hold 22.5 and up though.

27 thg 7, 2022

Ghi chú

Correction, it is busted only if a close occurs below 17.5 (bottom of structure) Sorry new to busted patterns. This is a triple bottom (last valley) pattern. F-E is actually a throwback which does hurt overall performance. So long as we see a daily morning star print at or above 22.5k I can see 28k being tested.
Ref: thepatternsite.com/tb.html