Substantial Cup and Handle - Bullish Continuation?
Much has been written about the potential inherent in BTS/BTC in the coming days/weeks/months, including by the brilliant analysis of intuit.
It seems a massive "cup and handle" has now formed, and we appear to be on the breakout side of the action already, continuing what could indeed confirm the massive surge many in the long position here are eyeing. If Bitcoin undergoes a correction as many anticipate, this could be a true bonanaza
In contrast to price indicated on the chart shown here, the price is now up again, at 915.
Personally, I'll stay long a good portion, not worry about the daily jadda jadda, and let it run it's course.
Let's see what happens, and all the best for your trades.
moontumble
It seems a massive "cup and handle" has now formed, and we appear to be on the breakout side of the action already, continuing what could indeed confirm the massive surge many in the long position here are eyeing. If Bitcoin undergoes a correction as many anticipate, this could be a true bonanaza
In contrast to price indicated on the chart shown here, the price is now up again, at 915.
Personally, I'll stay long a good portion, not worry about the daily jadda jadda, and let it run it's course.
Let's see what happens, and all the best for your trades.
moontumble
Comment:
In the macro picture, is BTS potentially rising like Phoenix? It might be a overall bottom we are witnessing right now.
