Bitcoin's inverse cup and handle possibility [BTFD]
Updated
with some solid buys currently we might be forming a handle here for the inverse cup and handle pattern to form
lower red trend line is target if it breaks the purple neckline after a rebound from fib levels at 6800 supply zone down towards 5800-5600 being the final destination
after the buys/bids at NY open taking bitcoin up over 6400 we need to see good momentum in volume to break 6800 and get above 7k before any bull ideas again
will be shorting at 6800/700 area if it fails to get above 6900/6800
lower red trend line is target if it breaks the purple neckline after a rebound from fib levels at 6800 supply zone down towards 5800-5600 being the final destination
after the buys/bids at NY open taking bitcoin up over 6400 we need to see good momentum in volume to break 6800 and get above 7k before any bull ideas again
will be shorting at 6800/700 area if it fails to get above 6900/6800
Trade active
hit the 0.236 fib level with the recent push upwards, maybe we see 6800 tested tomorrow if no volume then expect it do dump under 6k
if the price gets over 6800 and closes well above then pattern will be invalid
tarde smart guys, use a stop loss
Note
lol trade*Order cancelled
pattern didnt shape up correctlyloads of support from multiple market conditions
will we still see 5k and below? is possible might take a bit longer into September and expecting a big move in the 2/3rd week of sept
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