Technical analysis 12-03-2018 | BTC double bottom
In our article yesterday, we noticed that our Fibonacci line was a strong resistance. A rebound was expected.
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| Today |  |
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Now on a return to an up trend, we can notice that we have made a "double bottom" which has enabled us to return in our consolidation zone.
We have once again broken our bearish resistance (green), now acting as a support we can set ourselves a short-term objective: our next Fibonacci line at $10.2K which corresponds to the top of our consolidation zone.
Attention: this is not investment advice and every investment involves risks.
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@cryptotradingfr
Nice write up
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Good analysis!!