Bitcoin vs US Dollar - 1hr Cup &Handle to $8,000 and beyondBitcoin formed a cup and handle as well - keeping to recent channel but expecting the reverse like clockwork if the following plays out
bullish sentiments may take towards a new ATH or a double top
looking to short from the ATH and then long on the bounce, MACD is signaling over bought sentiments
put in channels for typical set ups, be great if it does follow this
this also could kill alt trading for a bit, BCH may tumble too
nothing is set in stone, lets see it play out folks
ty fr all the kind support and likes, plz feel free to share my charts over twitter and telegram, tag me in it and will follow and tag u to 4k followers too!
have a powerful day
Tomtom87
Bitcoin and Bitcoin Cash - Virtual coins PvP for crypto space!As Bitcoin civil war continues, so are we.... Bearish or Bullish?
Beats playing Eve Online :P
Its hard not to take notice of recent events, BTC, still the king and holding strong but we see some dips coming in the near future and with opposite colorations on prices, makes a solid indicator to trade with, been a very powerful week with market cap peaking out at $212 bln.
We saw huge gains with BCH, it has a very solid feel about it and hugely manipulated so trade wisely on that one.
So expecting BTC to break down to $4k level at the most, slight chance of $3800 with support, we can go as high as $7k again but not seeing this until next week, but as always dont bet against bitcoin!
Big difference is Bitcoin Cash
BCH levels of support at 900/1000, BTC rise would push on that and could break down further, so heads up just in case.
Currently within a triangle and looking to see if it breaks up out towards the fib levels for resistance, take easy profits there, this could break either way if reaches over 1400 we will see further movement towards $2,000 and possibly a retest of the ATH