BTC Now everyone is drawing a cup and handle and saying that ATH is coming soon, why is it not quite so?📝Let's talk about the pattern first, the cup handle pattern when the asset has a deep drop, after which it recovers and tries to break past highs. Of course, when the price consolidates near resistance and forms a so-called handle, this is a positive signal. After all, the longer the consolidation in front of the resistance zone, the more likely this resistance will not hold.
💡Most take the depth of the cup and say that this will be the growth (300k+), which is not right at all. Here, in the case of #bitcoin, you need to remember that the figures of the technical analysis do not matter much and you need to look at the fundamental analysis and also take into account seasonality.
I expect a break through the resistance not now, but in the coming weeks and definitely a break above 80k in October↗️
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👥Everyone wants quick profits, and of course, they build false expectations that most people support.📝This was the case with this pattern, which was misinterpreted and expected an unrealistic growth in the summer. I gave arguments as to why it will be the end of autumn.
💡And with a high probability, we will have further positive inflows to the cryptocurrency markets next month.
Trade closed: target reached
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💰Free Channel t.me/FeelsStrategy
🤵For more info contact t.me/VolodymyrFeels
🤵For more info contact t.me/VolodymyrFeels
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.