Been seeing this multi year double bottom get passed around for BTC
I guess. If you want to look at BTC without log scale, over many years. But look at 2018. Looks similar no?
And what happens when you're not looking at a multi-year time frame? Here's the weekly for 2018
Looks like a double bottom still?
Here's the 3D for 2018
How about now?
Here's the weekly for today's "double bottom"
Here's the 3D for today
Lastly, a bounce, or a short rally is not what a double bottom is. A double bottom is a reversal formation. Meaning "it's a bottom"
One way a DB confirms is by taking out recent lower highs. Thats 22.4 and 24.5. So calling this a DB, is also saying those levels will be flippedThis post is based on this twitter thread.