Bitcoins possible Cup & Handle toward a $10k target BTC [BTFD]
Updated
a clear Cup & Handle formation going on here
green line is the neck line and we may already be in the formation of the handle, which comes down a bit before spring boarding back up and over last weeks highs and onto 10k
previous resistance trend line (red) now becomes and acts as support, possible we pull back slightly more coming into the trading week
if prices fall below 7780 then pattern is invalid and so will any bullish ideas for the meantime
all in all its looking positive for the bulls BUT still not out of bear country yet!!!!
might get some resistance at 9k and 9.2k (fibs)
if you have questions please feel free in comments below
would like to know if your bullish or bearish if you can leave a quick comment below.....
thanks for watching :)
green line is the neck line and we may already be in the formation of the handle, which comes down a bit before spring boarding back up and over last weeks highs and onto 10k
previous resistance trend line (red) now becomes and acts as support, possible we pull back slightly more coming into the trading week
if prices fall below 7780 then pattern is invalid and so will any bullish ideas for the meantime
all in all its looking positive for the bulls BUT still not out of bear country yet!!!!
might get some resistance at 9k and 9.2k (fibs)
if you have questions please feel free in comments below
would like to know if your bullish or bearish if you can leave a quick comment below.....
thanks for watching :)
Trade closed manually
bears took it down belowstopped out
Note
![Bitcoins Fibonacci love affair with the 0.618 level... [BTFD]](https://s3.tradingview.com/x/Xp0LBaEX_mid.png)
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