BTC Out of the Bubble Part V: Round Bottom Reversal
Read more here: investopedia.com/university/charts/charts10.asp. Think of a Round Bottom Reversal as a Head Fake - only in reverse. That's what Bitcoin is doing to us.
The cup and handle prediction from Part IV largely came true (or hasn't come true yet) but without much of a handle (yet). A Cup and Handle is just one type of round bottom reversal, and a significant handle (downtrend) isn't necessarily needed.
Either way, Bitcoin is in a confirmed bullish pattern, but we are due for a temporary pull back soon between 6100 and 6500.
The cup and handle prediction from Part IV largely came true (or hasn't come true yet) but without much of a handle (yet). A Cup and Handle is just one type of round bottom reversal, and a significant handle (downtrend) isn't necessarily needed.
Either way, Bitcoin is in a confirmed bullish pattern, but we are due for a temporary pull back soon between 6100 and 6500.
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