BTC inverted cup and handle

Bitcoin / TetherUS PERPETUAL CONTRACTBinance

Description

⋅ Jul 6, 2022 7:33 AM

#BTC/USDT
BTC shaped inverted cup and handle pattern.

🐻 so break down from lower line of handle will drop price to 16k.

🐮 but break out from resistance zone and upper line of ascending channel will invalid cup & handle pattern and can pump price to higher fib levels.

Trade active

⋅ Jul 9, 2022 4:26 AM

price broke out and now can be on pullback to ascending trend line.

Comments

mehrdad-javan1

⋅ Jul 8, 2022 8:52 AM

The analysis was useful and profitable, thank you for sharing the idea

parissap

⋅ Jul 9, 2022 4:25 AM

@mehrdad-javan1, thanks for your respond ... glad to be useful 🌹