Bitcoin Trading Report, The 1-2-3 Bottom Formation – June 25 2015

good morning this is the bit going price review channel on YouTube is thursday jun 25th dist after six o'clock in the morning and we're looking at the 30 minute charts of bitcoin over here on bitcoin wisdom thanks for being a subscriber i hope you enjoy these videos we're coming up to one of my favorite trading formations right now the 1 2 3 bottom formation this is a short term downtrend you can see these big spikes these big spikes of red here what we've got the candles with the big long tail and to me this tells me the prices are going to continue going down from here even though we've been having these potential 1 2 3 bottom formations it tries to break above this would be wrong time to buy in you see these big spikes of red and then another one to three bottom formation trying to form but it doesn't work prices go down now we have a new one to three bottom formation and we have even call this a double bottom if we wanted and sort of ignore this tail and now we've got a 1 2 3 bottom formation forming up if prices break above this 243 then we're in for higher prices and if we go and zoom out to the little bit longer term chart here this is pretty much a double bottom mirror and we have the 1 2 3 bottom formation just about forming up right where it took off last time as it has it built up let's move this back a little bit and we'll find another one two three bottom formation here we have it one two three bottom formation prices broke above these levels an aqua went in fact we go back just a bit more and zoom in this is the tiniest little one two three bottom formation here and when prices broke about this they come back and retest it but they never broke down below that's number two point so it's interesting to me right now to be looking at another potential one two three bottom formation shaping up here one two three bottom formation nice little double bottom here very significant technical levels it looks to me like a good time to be buying Bitcoin on leverage if needed in order to make some money as prices are I believe going to be going up in the long term for Bitcoin so thanks again for watching check out this one two three bottom formation here took off one two three formation where she goes time to take the dog out for a walk good motor and good luck in your big country

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