A Look At Holiday Cheer In Crypto - How Long Will It Last?

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BTC/USD Bottoming Out on Key Support - Could be Forming a Head & Shoulder Bottom

BTC/USD Bottoming Out on Key Support - Could be Forming a Head & Shoulder Bottom

No, I’m not saying this exact thing can happen this time with the same exact pattern. For one, the pair remains below a very bearish Ichimoku cloud. On the bright side, the pair could be in the process of forming a head and shoulder bottom pattern, which is a famous bullish reversal formation studied among technical strategists. The neckline of this formation lies on $4,444.

Now if the pattern is confirmed and the pair is able to break above the Ichimoku cloud, we may see that massive bullish reversal everyone has been cheering on. But before that happens, you can simply enjoy the current up-run which may just be your gift for Christmas, and leave the rest for next year. What crypto event would make your holidays merrier? Do you think Bitcoin has bottomed out? 

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Disclaimer: Now I’d like to hear from you. What are your thoughts on Nano, which currently ranks 36 in terms of market cap? Do you think it can ever make it to top 10?  Let me know in the ...

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