Cup and handle I posted a while back is slowing getting filled in.
For the time being, like the next week or two, the downward pitchfork will probably be the main theme.
The best swings will be shorting alts at the upper right trend line of the fork for a couple days, maybe even to the median.
Eventually it will run into the various support lines and start to get choppy and nasty. Expect possibly another long boring triangle like the others BTC has enjoyed making for the last year and a half.
I expect it will be a flat top triangle and when it breaks it will probably go north.
All of this will ultimately be fitting together the parts of a very large cup and handle formation which is needed to send btc to 20k and beyond. I intend to load up hard on eth during the lower end of the handle phase.
For the time being, like the next week or two, the downward pitchfork will probably be the main theme.
The best swings will be shorting alts at the upper right trend line of the fork for a couple days, maybe even to the median.
Eventually it will run into the various support lines and start to get choppy and nasty. Expect possibly another long boring triangle like the others BTC has enjoyed making for the last year and a half.
I expect it will be a flat top triangle and when it breaks it will probably go north.
All of this will ultimately be fitting together the parts of a very large cup and handle formation which is needed to send btc to 20k and beyond. I intend to load up hard on eth during the lower end of the handle phase.
Comment:
Handle is in I think, time to buy!
