dascalitzi

BTC/USD - 1D Possible cup and handle?

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi guys. I've imagined a scenario in case we are not breaking down and I saw this cup and handle target being in perfect alignment with 1.618 which is around 95k. Also, maybe there is a bearish divergence on rsi which will lower the price and maybe respecting the cup and handle pattern. Not financial advice, I've just wanted to share this coincidence.
Comment: There might be an inverse head & shoulders with a price target of 57k, 0.786 fib level. Imagine this will play out...