BTC in CUP Formation target 6k zone Long

Bitcoin / TetherUSBinance

Description

⋅ Jan 3, 2019 5:15 AM

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

⋅ Jan 4, 2019 4:51 AM

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

Trade active

⋅ Jan 8, 2019 11:00 AM

Cup formation in progress

Comments

majorlee

⋅ Jan 4, 2019 3:56 AM

longs and shorts about to cross

majorlee

⋅ Jan 4, 2019 3:55 AM

i thought if the cup and handle formed price would see above 10k again if following the pattern right?

Very-Important-Trader

⋅ Jan 3, 2019 2:53 PM

NICE chart; head and shoulder?

majorlee

⋅ Jan 4, 2019 3:56 AM

@Very-Important-Trader, yeah saw this too

Amjadsid

⋅ Jan 3, 2019 2:06 PM

agreed : lets c if weekly can take price above 6k

Boon2

⋅ Jan 3, 2019 7:40 AM

BTCUSD H1 C UP. Checkout the idea detail's and update's for the complete picture!