DeadSerious

Someone ordered a coffee?

Long
DeadSerious Updated   
BITFINEX:BTCUSD   Bitcoin
Possible Cup&Handle in da makin

Short term idea for You guys. Just a guess but I believe this might be Cup & Handle in da makin. If that is right we could reach 8200-8400 from this pattern. Its not confirmed yet so be careful because I don't take responsibility for your trade decisions. Good luck
Comment:
Handle is finally getting some shape. Now we will probably build some bullflag or just sideways before shooting up in 1-2 days

Comment:
Price bouncing perfectly on handle support and continuing the patern

Comment:
Baby cup & handle was born. Will it hold?

Comment:
C&H idea will most likely fail if price go below 7500 level then I will follow this:


and my main bear-bull scenario

Comment:
Patern failed. Time for plan B

Comment:
Short term idea acording to Wyckoff Theory


cmtassociation.org/w.../11/WyckoffFig66.jpg
Comment:
Wyckoff didnt played out. Lets get back to reality

Comment:
Little Drop Correction
might be starting here very soon. Target 7k

Comment:

There is also a chance we ignore the divergences and do some crazy shit like here so be rdy for both

Comment:
No bounce before 6k it seems. Might even sink deeper before that

Comment:
Capitulation included
Comment:
We reached 6100 and bounced. Bounce to around ~7k is happening right now
Comment:
I'm not sure if we can still reach ~7k before continuing the drop. Bitcoin looks weak. I watch this triangle now

Comment:
Triangle breakout up so 7k is still in play


Comment:
bigger triangle might be formed here if we won't pass through 6700-6800 level

Comment:
aaaaand the triangle it is
Comment:
Comment:
Restest of 6400-6500 levels coming
Comment:
Clear bear flag. Most likely won't go any further than 6400

Comment:
Real bounce should start when we reach 5500 level

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.