IAmSatoshi
Long

Potential Cup & Handle Formation

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
See chart for annotation.

Looking for a pullback to ~50% fib with RSI 'reset' to 50.

Expect volume confirmation on handle breakout of horizontal resistance.

Target ~$1000USD
Comment: approaching horizontal resistance
i hope it breaks some nice vol with it if/when it breaks
Comment:
Nice chart thank you .. did you notice the bigger cup with handle on the week chart? that lead at 1.7K
Reply
Thanks for sharing. would a breakout above 775 be possible without a RSI reset? I've got limit orders around 666, not sure if they'll be triggered before breakout. FOMO is a no go. hoping it does otherwise long at breakout with size.
Reply
@Darumbal, it can def just keep going but I feel better if we get a pullback before the big move, which we did
Reply
Nice chart, thanks for sharing!
Reply
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