cryptobulls51

Bitcoin - Bearish Gartley vs. Double bottom

BITFINEX:BTCUSD   Bitcoin
BTC/USD is approaching this decision zone where the bearish trend line crosses the bullish one on the daily chart.

On the 4h chart, we can see a bearish Gartley pattern forming which ends at the $7500 to $7700 range, which is a heavy resistance area, so we might see BTC once again test daily uptrend line and find support at $6500 to $6600 range.

On the hourly chart, we can see a double bottom forming and if this bullish pattern breaks into its $7500 resistance line we might see it test the daily downtrend line.

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