TradingView
ArjunRoy
Jun 10, 2018 3:26 PM

BTC Inverted Cup and Handle Short

Bitcoin / U.S. dollarBitstamp

Description

BTC inverted cup and handle formation. Let's see how it plays out.
Comments
console
nice chart
WaveRider1423
Hi. Thanks for your charts and sharing your ideas. Nice charting! I have a similar view with different analysis. IMO I see the daily triangle as bearish and still in play while recent weekend lows hold and expect the market to advance in wave in wave E of the triangle; alternatively if the weekend lows give way I see the market breaking down sharply. I always enjoy your charts and look forward to your post. While I am starting to scale in I feel there is good probability we could break down; so saving some dry power. Good luck trading.

Here is my weekly chart with link to my 25 April 2018 post to full thread and recent updates if you are interested:


Daily Chart - Triangle:
Eddy1
Great Idea! Thank you for sharing this idea.
How does 4300$ comes out?
ArjunRoy
@Eddy1, Rough estimate and rounded up.
Thanks for your comment.
More