IbbyBenali

Big Boy Bitcoin flips its closeup double tops to a double bottom

COINBASE:BTCEUR   Bitcoin / Euro
In the previous analysis, I took a closeup look at what seemed to be a wrestling match in the day traders area. Whilst usually a change in the intraday is not per se predicting, for coins like Bitcoin             it could mean a lot. Either way... it did not complete its hidden double tops so taking a "birds-eye view" again (well... relatively speaking for Bitcoin             ) we can focus on the beautiful double bottoms again and see if the trend will continue this time.

If it breaks through, a nice quick profit can be made. However, I am still a little bit skeptic of the bounce back this time. I do expect another downward trend sometime soon. My personal strategy at this moment is to trade quick profits and not holding a position for too long.

Remember: you know what you have right now, you don't know what you will have tomorrow!


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