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FOMONOMO
May 11, 2017 1:14 PM

BTC USD heading for at least 2250 USD? Long

Bitcoin / DollarBitfinex

Description

Mega Cup and Handle formation could be indicating a big move to at least 2250 USD (with a few bumps in the road along the way). Plenty of FOMO news articles surfacing in the mainstream. Segwit as well.

Previous cup and handle projections extended further than the forecasted magnitude, however the target zone ended up as future support once the correction started.

100 day moving average reached new highs a couple months back.

RSI has room to run, especially when compared to the relative strength of the previous moves, relatively speaking!
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