In this trade idea we have a descending pattern that has broke to the right from a previous double bottom if we hit tp1 and then tp 2 and break the tp 2 area i expect the retest of tp then the previous double bottom pattern zone that is doubled up to also become a target.
What do you guys think.........?
Let me know in the comments below..........
Good morning my fellow Bitcoinistas!
The 30 minute chart for Bitcoin is in a descending triangle. A break either way is entirely possible. I know right? Not much help. Often thought of as bearish, but also has some bullish potential depending on the market. With Bitcoin who knows?
Stay frosty!
For more info see: thepatternsite.com/dt.html
Aaron's had a poor earnings call, first target is $39.90 second target is $37.60 which are fib targets. Double bottom breakdown with descending triangle breakdown. Moving toward new support. Holding a put expiring January 18th.
