BCH/ BTC forming a cup and handle . I'm expecting a bit more consolidation around these levels and then some green candles on increasing volumes to push to 0.0184. We might pause around there, but I'm looking for continuation to the previous high around 0.0196.
- Sultan of Chart
I should've drawn a larger handle for longer consolidation. Pattern still in tact. Stay LONG
TP1 reached. Sold half of my position. Will re-buy if it retraces to the 0.618 fib line at ~0.0175
Re-bought at 0.0175. Will likely sell half again at 0.0184 but still looking for TP2 over a longer timeframe
Trade closed: target reached:
Well that was quick, but who's complaining. Enjoy the gains
-Sultan of Chart
Never let the fear of striking out get in your way.