Of course #btc and #eth will touch ATH again so if you invest $10,000 today and #hodl you are going to to see your investment reach $31,963.2 and $28,774.7 respectively.
If btc touch 100K you will see your investment reach $46,450.79.
Not bad 💸
Crashing from an all-time high at around $69,000, #Bitcoin has lost over 70% of its value since November 2021.
Bitcoin trades at $21,600 and records a 10% loss over the past 7 days. The entire sector is experiencing downside price action and moves at a make-it-or-break-it level.
A bearish pennant pattern is forming under a major trend line that was broken and retested successfully.
$19k is more likely than a pullback or a short squeeze.
#Bitcoin
What is a Double Bottom? 📉
A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action.
#btc#crypto
3. The double bottom pattern always follows a major or minor downtrend in a particular security, and signals the reversal and the beginning of a potential uptrend.
What is a Double Bottom? 📉
A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action.
#btc#crypto
2. The advance of the first bottom should be a drop of 10% to 20%, then the second bottom should form within 3% to 4% of the previous low, and volume on the ensuing advance should increase.