BitcoinUpdated BTCUSD - 4H - Cup And Handle?
Not a financial advisor!
Not making any trade here!
I don't use leverage!
Yes ... I believe that a triangle formation broke bearish today!
Yes ... I believe that there is a daily bearish divergence on the RSI!
BUT... There is some possible bullish hope in the form of a cup and handle.
In case this gets invalidated! well you can find some possible reversal horizontal supports on the chart.
Note
Playing out as planned.Very important to look at the neckline around the 19300-19400 usd region.
Note
Amazing!!possible rejection at this resistance as written on the previous comment
...but in case it just blasts through expect to be above 20K soon!
Trade closed: target reached
Even thought the final expected target was not YET reached...we have a Cup and Handle breakout.I expect that the final target will come not in a distant future...but I am expecting some down movement!!
Using a trailing stop from now on!
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