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FX.co ★ #Bitcoin M5: Double Bottom

#Bitcoin M5: Double Bottom

Double BottomThe Double Bottom pattern has formed on the #Bitcoin M5 chart. Its upper boundary is at 78910.69, its lower boundary is at 78313.32, and its width is 61418 points. A break above the upper boundary at 78910.69 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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