This might play out with #btcusd in coming days.

BITFINEX:BTCUSD1D

Bitcoin / DollarBitfinex

Description

⋅ Apr 21, 2018 4:52 PM

This pattern may play out as well with #BTCUSD chart. Price target is 16K in June.

Comments

Hubris

⋅ Apr 21, 2018 4:57 PM

Yes, I'm thinking the same now...

bitasr

⋅ Apr 21, 2018 5:13 PM

@Hubris, Since bulls are quite strong this time and more bullish and positive sentiments flowing in market, i hope there is a room for this as well.

Hubris

⋅ Apr 21, 2018 5:27 PM

@bitasr, Agree, too many things turning bullish now.
Broke Log downtrend. Broke 200MA. I see Adam Eve bottom.

First a retrace from $9300 to $7800 (0.618 Fib) as RSI getting overbought... then we move back up to complete that Handle of yours.