Turco

Cup and Handle Formation - Long if we push past $249-250

BITFINEX:BTCUSD   Bitcoin / Dollar
IF we can complete the handle formation and push past $249-250, a short term price target of $270+ is realistic.
doesnt look like a bitcoin cup & handle to me ... ill be careful
+1 Reply
Turco PraiseYah
a year ago
Yea I am still neutral, until we break $249-250. However, it looks like a C&H to me, and the handle is relatively small so far. Generally, the smaller the pullback / handle, the more bullish the breakout. We will see...
+2 Reply
take a look at Mid March till Mid July .... i think we get a similar cup like that again ... drop to about 220s then we rocket past 300 on the next run


snapshot
Reply
Turco PraiseYah
a year ago
Agreed, that was a clear cup and handle from March - July, unfortunately that one failed. Generally a large portion of the C&H's I have seen in BTC, have not resolved bullishly.
Reply
i could be wrong just my opinion .... but i only pay attention to bitcoin c&h's that generally have shooting stars at each end of the rim high to low... those are pretty obvious because you could actually see the strength in w/e indicator you feel comfortable using.
Reply
Turco PraiseYah
a year ago
You may be right, the world of Bitcoin can be a whole different animal sometimes. We will get our answer soon enough.
Reply
Crazy waiting session
+1 Reply
Turco PraiseYah
a year ago
I bet a lot of people got shaken out of that move.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out