edward_Z

Cup and Handle or Double Bottom for Bitcoin (BTC)?

edward_Z Updated   
BITFINEX:BTCUSD   Bitcoin
There are two of the classiest patterns for Bitcoin, one is a Cup and Handle, that can turn it in bullish with possible retest next support, wich will transform in a double bottom.

There is a strong support at $3.400, only a big one will crack it.
Also a small, but stubborn resistance is at $3.550, but if it will break it, next resistance is at $3.700.

Keep it simple!
Comment:
Seems there is a strong resistance
Trade closed: target reached:
Better later than never
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