Bearish Shark + bullish C&H

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bearish Shark has formed which should let us make a cup of the Cup And Handle patern as a result.

The C&H formation will shoot us higher at 8200-8500 levels.

C&H is a possibility which still has to be confirmed. As for now it's only my guess because indicators are looking bullish + we're making a nice reversal on the daily
Hopefully this isn't another bear channel we're in and we won't revisit 5k soon but let's watch what will develop.
Trade active: We are ready to go higher
Comment: We formed a bull flag
Comment: Even bigger Cup & Handle in progress? That one could take us to ~$9500

Comment: Megaphone patern pointing to the same conclusions
Comment: On track

Comment: I'm thinking this

Comment: If we won't break the red line this could be a possible setup for further move up

Comment: I expect a bounce around $7000-$7500
Comment: Posibble bullish triangle here. Looking at indicators and bigger timeframes I'm more in a favor with green option than red

Comment: We need to get that green EMA (closed candle above it) to have a real breakout confirmation but I think it's only a matter of time

We need to get that green EMA (closed candle above it) to have a real breakout confirmation but I think it's only a matter of time

Hey champ nearly spot on with the analysis as usual I sold 8900. How low do you think this bear run will go?
DeadSerious doctorcryptodog
@doctorcryptodog, $7000-7300 would be my reverse area as I believe this leg down is a wave II of Elliot
DeadSerious doctorcryptodog
@doctorcryptodog, there is possibility too that we bounce from here but thats not clear for now

DeadSerious DeadSerious
looks like we're bouncing from resistance 1hr EMA 200. Would expect more down to come
I’ll jist shut up! Lol!
DeadSerious doctorcryptodog
@doctorcryptodog, I think we can't go higher than ~8800 for now and will have to test lower support. That's because bearish divergence (blue lines on price and RSI)

Are we now in a bear channel or do you expect to rise above?
Let’s hope so! Good analysis
We're in a bull flag

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