BITCOIN – Possible double bottom formation

BITCOIN – Possible double bottom formation
December 12 14:20 2018

Possible double bottom formation on 4hr chart with neckline around 3690 zone. Breakout from previous channel bottom, now bounce to test channel bottom. Likely to head back into the channel in order to complete the possible diagonal double bottom pattern on daily chart. Thereafter might be pattern failure and selloff again till about 2 weeks later for any news/rumours on CBOE ETF for the next general direction which likely delayed again and we might see new lows again as it has happened as per the previous rounds when SEC just keep extending the deadline.

News: (Current) | (Upcoming) CBOE BITCOIN ETF, 29 Dec 2018 (may be extended again to 27 Feb)

Short term moving average (day candle) :
Network Value to Transactions Ratio : 105 (delayed, probably in the low 70s range)
Total marketcap : 110
Dominance : 54.9
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

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