BTC - Double low - Looks like it is creating a bounce

Hello all,

Here was the chart of yesterday :

Here is the current chart :

As explained in my article of yesterday, the double low like the double top is often an excuse to change the trend in a market. When we are in bull market, the double top can create a powerfull correction and when we are in a bear market, the double low can create a powerfull up.

We can see here that we broke the double top during some hours and than we are now going upper of this one. This needs to be confirmed but that low could be the lower point of the current correction. But again we need to be sure that this low will hold any new drop at the short term.

I wish you massive profits,
Cryptopassion.io

Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.