jayrhyder

Bitcoin building a base? :)

COINBASE:BTCUSD   Bitcoin
This is the second BTCUSD chart I have uploaded on my account. Ironically, it is showing the same pattern as my first uploaded chart, which was a winner. ;)

As I mentioned in the last chart, because the Candlesticks are of Japanese origin, this is traditionally referred to as a "Fry Pan Bottom", which is a great signal for an incoming bull rally. I like to study the history of markets, which is why I mention that. My Stochastic indicator is showing a base forming as well. Please remember that nothing is ever 100%. So, be sure to compare this chart with your own indicators and oscillators. I hope this chart was helpful to you. I like to make money and I know you do too. So, lets do it! :)


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