Re: Bitcoin Price Trend Reversal in Progress?

Quote from: Getmon on December 23, 2019, 11:41:05 AM

Quote from: Bitget Future on December 23, 2019, 08:48:55 AM

On Sunday Bitcoin (BTC) price revved up to rally from $7,115 to $7,642, providing a 7% gain and an unexpectedly strong weekly close, which now has some analysts suggesting that a trend reversal is in the making.

I don't have a cow.
After all it's Bitcoin.

We cannot be certain whether this is really a complete reversal or another bear trap. We can only appreciate what is actually going on with the price lately. The rest we can only hope. Although I fervently hope that this December is going to sum up the entire 2019 with Bitcoin gaining back its 5-digit price.

If the price of bitcoin goes up with 7% but it doesn't mean the the market is now bullish. There are only 3 bullish chart pattern that I know. The first one is double bottom, then triple bottom and the last is inverted head and shoulder. If the chart of the bitcoin become one of these bullish chart pattern then we will see the successful of the market reversal of bitcoin.