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Sultan_of_Chart

Bitcoin Cash/Bitcoin (BCH/BTC) Cup and handle forming?

Long
Bitcoin Cash / Bitcoin (BINANCE:BCHBTC)  
Sultan_of_Chart Updated   
BINANCE:BCHBTC   Bitcoin Cash / Bitcoin
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) BCHBTC BCH BTC xbt Cryptocurrency crypto bitcoincash
3
0
trendanalysis chartpattern indicator bitcoin bchbtc bch btc xbt cryptocurrency crypto bitcoincash
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.

TP1: 0.0184
TP2: 0.0196

- Sultan of Chart
Comment:
I should've drawn a larger handle for longer consolidation. Pattern still in tact. Stay LONG
Comment:
TP1 reached. Sold half of my position. Will re-buy if it retraces to the 0.618 fib line at ~0.0175
Comment:
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.

- Sultan of Chart
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