BTC: where are you going?
Updated
Putting aside all the fundamentals (which we all know are many) I will focus on the technical part.
Lately with many cup and handle patterns.
Out of 8 I did, 5 turned out. In the case of DASH it was my mistake because I did not break the neckline. So 8/6.
The chart is in 4 hours TF BTC / USD Stamp.
In clear bullish trend (marked by the red trendline) was consolidating and moving lateral until today.
The red arrows mark the highest resistance levels as of today.
The green arrows perfectly placed on the back of the bullish kumo formed the support, up to the rectangle as well.
One scenario is to perform the retracement to form the handle and then do the pullback to address the price target. (inevitably the BTC must break the neckline to confirm)
How we all know it is the BTC, the KING, which sometimes laughs at the TA and other times it does.
Fundamentals destroys all kinds of technical analysis.
Friends, a busy, turbulent end of the year awaits us, but I still maintain that the BTC will make it clear once again WHO IT IS.
Keep bullish! and thanks to the followers, likes and messages.
Note
USD 7280.- AND DUMPUnhealthy uploads and so much maelstrom, it carries great corrections.
My target was USD 7,219.-
Trade closed: target reached
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