Quote from: j753k on June 13, 2018, 06:08:30 PM

This is very bullish, the BTC chart looks like we are hitting a picture perfect triple bottom. http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:triple_bottom_reversal

Triple bottoms are very rare. I don't think I've ever seen one in Bitcoin.

I wouldn't expect it, because the idea of a double bottom is a weak retest of the low that reverses because supply has been absorbed. For the double bottom to fail after so much consolidation above? That spells trapped bulls to me.

Either way, we won't be able to tell until price has reversed significantly. Maybe if price holds > $7,800 I'll consider the idea.