tired_man_willis

Cup and Handle on BTC

Short
tired_man_willis Updated   
BITSTAMP:BTCUSD   Bitcoin
BTC is seeing resistance at $10.4k .Short term target is $11k.

I'd like to see more volume push the price up. That being said, the EMA's are crossing over on the 4hr and the candles are closing above the 10 which is good.

As always I make my charts in the morning and my final trades at night. One thing I've noticed is that when the U.S goes to sleep, the Asian market tends to follow through on the trend set throughout the day.


I'm hoping we see $11k by the morning.
Comment:
Well, BTC hit $10.8k. It may pull back to the 10 EMA on the 4 hour but today's trading action will determine where we go.

That being said, we do have strong support at the $10.3k.
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