Are Slightly Lower Lows a Cause for Concern?

A double bottom pattern is well-known in trading circles. It signals a possible bullish turn after a bearish trend. It happens when the price dips twice to similar levels before reversing and breaking the previous peak.

Interesting take but honestly, this market seems rigged. If Bitcoin shoots to a new ATH, then great, but if we keep dropping, we could be in for a rough bear market.

Triple bottoms happen too. Saw it recently with Bitcoin. We might even see four bottoms at times. Just noticed today there was a double bottom forming, but it’s not exactly the same as the previous one. Sell pressure is different this time.

These tops and bottoms can be just trading ideas. They’re useful, yeah, but they’re not foolproof. Trends can shift, breaking support levels can destroy the theory. No guarantees.

Gotta hand it to OP, this is one of the most thorough posts I’ve seen recently. A lot of folks are freaking out about Bitcoin dropping over $30k. But these corrections are pretty standard in a bull market.

This double bottom concept is talked about a lot, but honestly, it looks so different on live charts. It’s tough to pinpoint unless you have clear confirmation. Not all patterns look alike.

People are overreacting here. Many don’t even realize this double bottom has formed. Looks like we might be on the verge of a bull run soon enough.

If I had to put my money on this, I’d be cautious. BTC’s unpredictable. Even if it hits $150k, I wouldn't be shocked to see a correction afterward. Who knows what’s brewing behind the scenes.

That’s me for sure. I’m used to deeper drops. When we hit 17k after peaking over 65k, I was almost hoping for a drop to 10k. I’d expect a bottom below 20% of the ATH before getting too worried.

Not sure I’d call it manipulation. Sounds more like aggressive trading from whales. They dump BTC to trigger sell-offs then scoop it up again cheaper.

We’ve been in this long enough not to sweat 10-20% drops. But a lot of new investors think they’ll get rich overnight. They don’t see the bigger picture.

How do we even differentiate between manipulation and strategy? If it keeps happening, it feels manipulative. But if it doesn’t disrupt the chart too much, it could be beneficial.

I see manipulation as unlikely. It’s more about individual whales acting on their own strategies. When they spot weakness, they capitalize on it.

This double bottom can signal an end to the bears and a shift to bulls, but it’s all about the timeframe.

A sell’s a sell, right? It’s gonna get better from here. We just gotta hold tight.

Just stumbled on this thread. I marked the bottom at $79k and thought we’d see a double bottom. The price seems to be holding now, but it’s shaky.

Great example graph you shared. Just shows that to confirm a double bottom, we gotta break the highs in between. Still a lot of uncertainty.

I see a push up candle around $76k. If we can maintain above $80k, who knows what’s next?

Just read somewhere that recent selloffs mostly involved newer orders. Some people probably thought they could turn quick profits and got burned.

I feel you. A new investor seeing their 10k dropping to 8k overnight must be terrifying. Lots of newbies just don’t understand the risks.