UnknownUnicorn2760874

BITCOIN price creates Cup and Handle Pattern, next target $12300

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Friends, please before reading, support this idea with your Like and any Comment, thanks.

Reasons:
- Price trades in uptrend
- Price creates Cup and handle Pattern
- Price already create a CUP
- Current strong resistance is $10500
- Current strong support level is 9100$
- 9100 can be lower part of possible handle
- Next resistance after 10500 is 11000 and next is 12300 per 1 BTC
- Always do your own research before opening positions and always put SL

Guys, if you like the idea please hit the like button, this will be the best thanks.
Thank you for your support, I appreciate it.

Comments

The title should be, "I think BTC is about to create a cup and handle pattern". Patterns that aren't shown and completed on a chart yet are just wishful thinking and poor analysis.
+14 Reply
TelecomTycoon HughGRection
@HughGRection, I aggree, cup and handles are also continuation patterns. Meaning, this has to be in an uptrend to be bullish. We are in a downtrend, so this is invalidated.

|http://www.chart-formations.com/chart-patterns/cup-and-handle.aspx
+1 Reply
makes no sense, to make a comment or like before reading. you also don't wipe your ass before taking a dump, do you
+11 Reply
instrucitons werent clear, lost my house...
+8 Reply
donnguyen1022 DukeDuece19
@DukeDuece19, you don't deserve to be wealthy atually any money if you blame your failure
to anyone you don't even see! haha hope you don't even have a wife or kids!
Reply
DukeDuece19 donnguyen1022
@donnguyen1022, bro I was joking xd now im cursed rip
+1 Reply
donnguyen1022 DukeDuece19
@DukeDuece19, was joking too! so there's no harm done! Dude! but don't take anything
here seriously!
Reply
DukeDuece19 donnguyen1022
@donnguyen1022, ok ily <3 and gl trader
Reply
great chart! thank your for Your SIMPLE idea without 10000 "indicators"
+7 Reply
I’m confused, why are you asking people to support the idea and like it before reading it? Hmm, strange
+6 Reply
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