TheTrex

BTSBTC - Daily Chart "Cup and Handle or not?"

Short
TheTrex Updated   
POLONIEX:BTSBTC   BitShares / Bitcoin
Should be retesting blue curve, the prior larger fractal could repeat thus invalidating a cup and handle (handle should be in making now then). If we break blue curve strong odds that we are not making cup and handle for higher levels and the previous fractal repeats.

Good luck trading,
-TheTrex
Comment:
MACD still comming down on daily. Stoch RSI looks low but could continue, macd bullish cross over would be better signal to buy.
Comment:
So support levels are:
0.0000365, 50% retracenent
0.0000315, 58.6% retracement
0.0000296, 61.8% retracement
Comment:
Short target reached, should bounce now
Trade closed: target reached:
Target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.