Long

Bitcoin Cash/Bitcoin (BCH/BTC) Cup and handle forming?

Updated

BCH/BTC forming a cup and handle. I'm expecting a bit more consolidation around these levels and then some green candles on increasing volumes to push to 0.0184. We might pause around there, but I'm looking for continuation to the previous high around 0.0196.

TP1: 0.0184
TP2: 0.0196

- Sultan of Chart

Note

I should've drawn a larger handle for longer consolidation. Pattern still in tact. Stay LONG

Note

TP1 reached. Sold half of my position. Will re-buy if it retraces to the 0.618 fib line at ~0.0175

Note

Re-bought at 0.0175. Will likely sell half again at 0.0184 but still looking for TP2 over a longer timeframe

Trade closed: target reached

Well that was quick, but who's complaining. Enjoy the gains

-Sultan of Chart

Sultan_of_Chart

Never let the fear of striking out get in your way.

- Sultan of Chart

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