Dmac2010

BTC Trend Analysis Part 2

Long
BITSTAMP:BTCUSD   Bitcoin
As BTC climbs towards the overall downward trend line it is forming a nice Cup & Handle formation (bullish) with a break back to previous support at 6750. Once the break down is complete to form the cup and handle it should create new market structure and push out of the long-term downtrend. Shout out to Edgar.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.