weslad
Long

BTC in CUP Formation target 6k zone

BINANCE:BTCUSDT   Bitcoin / TetherUS
I spotted this pattern and I think it worth sharing with you guys.

Well I still believe the bottom is not yet reach just like other people do think, but that does not stop us from exploring market opportunity.

I see potential CUP formation which if the setup complete will make us re-test the trendline that emanated from the last market winks that took us down toward the last year low.

Moreover we should recollect that we recorded good breakout from the BULL FLAG which if go according to mathematical analysis target will be around 5000$ level.

Important level and patterns are stated on the charts.

Please do like this analysis if you see it interesting.
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Thanks

Trade active: Quick update
Focusing more on Bull flag within the pattern guys, this worth watching

Trade active: Cup formation in progress

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Comments



longs and shorts about to cross
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i thought if the cup and handle formed price would see above 10k again if following the pattern right?
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NICE chart; head and shoulder?
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majorlee Very-Important-Trader
@Very-Important-Trader, yeah saw this too

Reply
agreed : lets c if weekly can take price above 6k
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BTCUSD H1 C UP. Checkout the idea detail's and update's for the complete picture!

Reply
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