This just looks wayyy too much like the uptrend following the cup and handle formation. That would be epic!! I'm expecting this to be the case but we could also be stomped by the strong red resistance line we are clinging to at the moment. Oooo buddy it's gonna be a long night.
Once we can move past that green resistance line, that’s a green let’s go for me
We will either hit the top of the purple bull flag and go back down before we shoot off to $1 or higher OR this is the moment we catapult. I still think we need to finish out the full bull flag formation before we explode but only time will tell. Until then, stop losses are set....
Need I say more?
What Is a Cup and Handle Pattern?
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically...
BITFINEX:XRPUSD
On the daily chart
Broke out of the pendant and dumped
We break into the red box > I/m shorting
Break into the green I’m running long game
Possible pattern occurring in relation to the previous Bull flag formation
We may trade sideways for a little and break to the upside again
Who knows. I sure don’t.
This is my Bullish and Bearish prediction of Bitcoin within the next week or so. Are we going to see bitcoin near 100k by January next year or will we retest $30,000?
