BTCE says CUP & HANDLE! Long

Description

⋅ Jun 3, 2014 11:09 AM

A quick look at today's potential action. Right now is as good of a time as any to establish long positions.

Comments

dopebroker

⋅ Jun 3, 2014 11:43 AM

Updated slightly

johnrfraser

⋅ Jun 3, 2014 11:45 AM

I see. What do you make of the 'retrace to 540' crowd? And the 'retrace to 200' crowd or that matter?! :-)

dopebroker

⋅ Jun 3, 2014 12:19 PM

Time will tell right? I wouldn't mind a retrace myself, would love to buy more cheap coins. :)

johnrfraser

⋅ Jun 3, 2014 11:13 AM

Hi. Is that not a double top at 667.69? Would that not normally indicate end of uptrend? Thanks a lot

dopebroker

⋅ Jun 3, 2014 11:15 AM

It depends on the way it plays out. If it breaks down below 610, then we're looking at a double-top and all bets are off.

johnrfraser

⋅ Jun 3, 2014 11:37 AM

By that do you mean solid bars closing below 610, not just the odd tail? Thanks a lot for getting back
John