Dear Friends, I'm going to stick my neck out here and call a bottom. I think the drop before this last one.. was a hard fight for bears to drag it back down.. they did and weak hands panicked again... to bring us the largest volume on any drop yet. This huge volume on this last drop, also corresponded with the smallest drop % wise of all the previous drops...
See some nice double bottoms here, would be nice to see $710.
Providing the recent (5mins ago) $547 price was a top.. (and I have no idea if it is.. I'm just postulating that it is for the sake of this chart...)... and the bull train doesn't keep on going... I would expect to see something of this... But this is bitcoin.. so who knows.. honeybadger no care for TA when in bullmode.
So as you can see, we have the mythical bullish breakout of a rising wedge into another rising wedge... seen it here first folks.
Bitcoin heading back to support at around $4
Thanks for @munkeefonix for making the BTC Historical data.. and to @debani for helping with the indicators...
follow me on twitter @flibbr Improved design / readability on my previous chart
follow me on twitter @flibbr
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