cryptsyisdead
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0Joined Jun 9, 2014
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A quick scalping trade opportunity. Counter-trend, yet profitable if it works out.
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Given the recent price action on BTCUSD I feel a cup and handle pattern is forming. We should see a rise off of the handle into the 530 area. Nice targets for the coming week.
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Following the sideways action of BTC in the last few days, we have found some critical support levels and most traders are unsure of what to do. I think we are in a descending triangle which is not bull or bear, but sideways. Any break out of this triangle could mean a huge buy or sell off.
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