Hope everyone who has argued that there is no Cup and Handle on chart, can see it now. For those who's going to deny - on Your left is a Cup and on Your right is a Handle. That formation telling that as soon as we break conformation point - blue edge - BTC is going down.Average decline from breakout is 16%. Pullback occurs 54% of time. There is 47% chances that price meet target - it’s not much but it means 1 in 2 patterns will decline 16%. Pattern measurements suggest that our formation, if confirmed, should decline 24% - 5000$ range.
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This information is not a recommendation to buy or sell.
IF YOU LIKE TRADING IDEA SMASH THAT LIKE BUTTON!!! IT'S IMPORTANT.
DON'T BE TIGHT - GIVE A LIKE
This information is not a recommendation to buy or sell.
Comment:
Price touched and bounced off that kick ass support which was holding uptrend of BTC all the time.
Please be patience as this time looks like we going to smash that support and hopefully fall to basement.
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