elshanti
Long

BTC..BREWING THE NEXT BULL RUN !

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
forming a cup and handle which is a reversal pattern.
Note that the handle range is subjective and can form as low as 4200 $

once the cup and handle breaks above the target is equal to the cup hight which sets it around 7900$ level


Comment: Q: HOW TO EXIT WINNING TRADES ?
A: scaling out progressively as we are approaching the target !
Trade closed: target reached: Never underestimate the bull horn !
@elshanti uddy cool strategy. I think everything will work out. I will follow you, interesting how it will end
Reply
wheres the volume at? That's the most important element to a Cup and Candle pattern. GL with your trade and wish you all the best but I don't believe this is a cup n handle.
+1 Reply
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