blal
Short

Inverted cup and handle formation clear on BTC-e/Huobi

BTCE:BTCUSD   Bitcoin / Dollar
246 1 2
A well formed inverted cup and handle has been created in BTCUSD             . This formation is typically a continuation pattern and is less reliable during a bull market. Should the price breach the line at 615 (60+% retracement from cup lip) the pattern should be considered broken. Should the pattern succeed, we should see a drop to the lip of the cup +50% of the retracement ($90 from peak of handle currently)
Profit Capability:
Current gain on success: $75/btc - 12.8%
Current loss on failure: $25/btc - 4.3%
this would be nice
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