BTC Daily - Cup and Handle explained! Haters!
Updated
Everything explained in charts. Drop a like/follow if you appreciate as no one is seeing this reversal pattern.
The handle is where the weak hands get shaken out....don't be weak!!! This is a bullish reversal pattern.
If you want to trade the safest buy and stop loss entry is in the chart.
Good luck!
Bobby
-Don't hate the hair, hate the game
The handle is where the weak hands get shaken out....don't be weak!!! This is a bullish reversal pattern.
If you want to trade the safest buy and stop loss entry is in the chart.
Good luck!
Bobby
-Don't hate the hair, hate the game
Trade active
btc needs to scale above the 50 DMA (orange). we will start to see some bullish activation and a retest to the top of the trend line if this happens.Trade active
descending wedge the past 8-9 days. more urgency than ever btc needs to move above the 50 DMA in the next few days...Note
Sorry above I meant to say we have been forming an ascending triangle past 8-9 days, but its in a bearish context because of the red daily candle on Jan 10th when we dropped from 4.1 to 3.5k. market will decide in the next 2-3 days which way we go. slightly greater than 50% odds we break to the downside but these patterns don't always materialize right. That's why there's something called risk management involved when trading.
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