Maddie

Bitcoin could be forming a potentially Triple Bottom pattern

Long
BITSTAMP:BTCUSD   Bitcoin
18
As I promised here is my description !

While everyone is complaining about the decease of the last two weeks, I see a potential growth between now and the 18th of august!
In my opinion Bitcoin is making a tripple bottom.

There is to much support and good news to go a leg lower. If the confirmation line breaks around 610 we can calculate the new resistance level. This will be: 610+ (540-680)= 740 +/- It's safe to buy around 610 because if that trend line is broken we will see a new rally to around 740!

If my opinion isn't correct we will fall down to around 420, but this seems very unlikely to me.

Have a great day guys!:)

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