(BTC) "CUP AND HANDLE" - OBJECTIVE -------> 100K
Hello everyone !
Today the Black Cat Trader is analyzing
BTCUSDT
on a weekly chart.
What we can see :
Since the last distribution initiate in may following by the nice trend reversal that push bitcoin to 53K, today we get a strong rejection at this level to get back on support on the Kijun Weekly level ! Thanks to this configuration, we can identify a potential Cup and Handle pattern.
What we can expect :
Ichimoku : Regarding the last correction that occurs today (September 7th) the Kijun gave a us a nice support at 46,8K.
If we loose this support, we can expect to fall directly on the Tenkan which is located at 41K. At this level (41k) we have also the top of the Kumo (SSA), that give us a second major support for bitcoin.
Regarding all those informations, we can clearly identify a potential Cup and Handle pattern that could teleport bitcoin to the 100K level if we broke the 53k level (resistance line).
IF YOU LIKE THIS POST, FEEL FREE TO FOLLOW THE BLACK CAT TRADER AND LEAVE A LIKE !!
MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
Today the Black Cat Trader is analyzing
BTCUSDT
on a weekly chart. What we can see :
Since the last distribution initiate in may following by the nice trend reversal that push bitcoin to 53K, today we get a strong rejection at this level to get back on support on the Kijun Weekly level ! Thanks to this configuration, we can identify a potential Cup and Handle pattern.
What we can expect :
Ichimoku : Regarding the last correction that occurs today (September 7th) the Kijun gave a us a nice support at 46,8K.
If we loose this support, we can expect to fall directly on the Tenkan which is located at 41K. At this level (41k) we have also the top of the Kumo (SSA), that give us a second major support for bitcoin.
Regarding all those informations, we can clearly identify a potential Cup and Handle pattern that could teleport bitcoin to the 100K level if we broke the 53k level (resistance line).
IF YOU LIKE THIS POST, FEEL FREE TO FOLLOW THE BLACK CAT TRADER AND LEAVE A LIKE !!
MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
Comment:
SO FAR SO GOOD !!! 🤙🏻