What are the key indicators to look for when identifying a triple bottom pattern in the cryptocurrency market, and how does it affect the bullish or bearish sentiment?

1 answers

• Gordon PhilpottDec 31, 2022 · 2 years ago
  When it comes to identifying a triple bottom pattern in the cryptocurrency market, it's important to look for three distinct lows that are relatively equal in price. These lows should be followed by a breakout above the resistance level formed by the pattern. As for its impact on sentiment, a triple bottom pattern is generally considered a bullish signal. It suggests that the market has found a strong support level and is likely to reverse its previous downtrend. However, it's important to remember that patterns alone are not foolproof indicators. It's essential to use other technical analysis tools and consider market conditions before making any trading decisions.
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