🏆🏆 Legendary Trader John Bollinger Breaks Silence on Bitcoin (BTC) Price Action: Details: 😊😊😊😊
🔥Legendary trader John Bollinger has shared his insights on the current Bitcoin (BTC) price action, offering his analysis of the market's movements. Known for his creation of the Bollinger Bands, a widely used technical analysis tool, Bollinger's observations remain valued by the crypto community.
🔥Bollinger observes a W pattern forming on the weekly Bitcoin chart, marking a bullish setup. "Nice little W pattern on the weekly BTCUSD chart. I drew a regression channel to highlight the flag that is forming. Bullish setup, Awaiting confirmation," the Bollinger band creator wrote in a recent tweet.
🔥A "W" pattern marks a double bottom, often regarded as a bullish signal. A double bottom is formed following a single rounding bottom pattern which can also be the first sign of a potential reversal.
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