LanaFL
Short

BTC Update. Inverse Cup and Handle. Rising pennant

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTC             made inverse Cup & Handle on 4H. Right now it draws a rising pennant which is a handle at the same time. 4-6H RSI overbought.
Targets remain the same + measured target of inversed C&H is there too, but hidden and will be an easter egg for bulls ;)

Trade only at your own risk. This information is not a recommendation to buy or sell. It is to be used for educational purposes only
There is a major support line that BTC has respected perfectly by bouncing multiple times over it. I highly doubt we will break that support line. If we do, we will enter a long term bearish momentum. I do think though BTC and Alts are soon due to a corrective wave but not of this magnitude :) good luck though! ;)
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I love bearish queens.
+2 Reply
@asdfghghj, to make this into an inverted cup and handle rather than a double top takes some contortionist abilities.
+1 Reply
LanaFL JoshuaVanier
@JoshuaVanier, well, there is no contortionist abilities needed. You just need to look at the book example of inversed Cup and Handle http://www.bitcointradingsites.net/wp-content/uploads/2017/04/02-inverted-cup-with-candle-300x300.png
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thank you for the Sunday update
+1 Reply
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