Cup and Handle with Bagels and Strawberry Jam heading to 10227

Cup and Handle with Bagels and Strawberry Jam heading to 10227

Comment:

My thought is the 2 hour candle is on the 9 and is yet to start its possible 1 to 4 hour candle countdown. This countdown should drop BTC to around 88xx or 87xx before moving back upwards .

.....Go get those roses for the ladies today fellas, its Valentines day !!

Comment:

Id be very surprised if BTCs pushes through 9300 without retracing first to the 88xx area.
9300 is a complex high resistance area and the 2 hour candle is on a 9 .
"Thou shall not pass" is my guess,

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The 2 hour candle moves in 2 hour increments and I really I hope this play does not take the entire day.
The wait is probably worth it I guess at gain of 500 per BTC if it hits 88xx .

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Another good retrace point will be 89xx.

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Drop it like its hot .

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Looking closely at this retrace it has an alternate path which n which drops it to 6k. The problem with a 6k drop Is BTC is not a fan of double bottoms so it could slip further to 5k .
We can tell if it is a 6k drop as BTC will move past 86k. BTC It has no business at 86xx today on its current path , so if 86xx appears it may signal a bigger drop coming

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that said i think ill wait on the sideline ,

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why im on the sideline now :

a) futures close today and its been very quiet so far
b) Chinese new year tomorrow
c) BTC has two alternate paths after dropping to around 89xx . one path to 6k the other to 10k .

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Everyday BTC gives us a new puzzle to solve - add you feedback guys . The More brain cells working in unison the quicker we can figure this out.

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now im very confused ..how can This upward move past 9300 be possible ?
a) theres very high resistance
b) theres a double top.
c) 45, 90 , 1 and 2 hour candles are on a 9 .
d) theres been no retrace to 8900

Trade closed manually:

Guys my apologies I I could have been wrong about BTC dipping and am going to close this out. I need to understand if im wrong how I misread it .