BTC will Fly Soon, Book Your Seats
Instrument: [BTCUSD]
Time Frame: W1 Chart
Observations:
1. Identified inverted Cup and handle pattern with neckline working as the strong resistance for BTC
2. Breakout at neckline will promote buy trend in huge volume
3. Fast E.M.A is above the slow E.M.A indicating still their is uptrend
Trading Strategy:
Sell entry @ 73500_74500
Take Profit= 83000, 92000, 100000
Stop Loss= 67000
Time Frame: W1 Chart
Observations:
1. Identified inverted Cup and handle pattern with neckline working as the strong resistance for BTC
2. Breakout at neckline will promote buy trend in huge volume
3. Fast E.M.A is above the slow E.M.A indicating still their is uptrend
Trading Strategy:
Sell entry @ 73500_74500
Take Profit= 83000, 92000, 100000
Stop Loss= 67000
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