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oftenbach
Jan 10, 2021 10:58 PM

Weekly cup and handle Long

Description

COINBASE:DNTUSDC
I’m seeing an incipient cup and handle formation. Confirmation needed in the way of continued steep uptrend a la the $0.21 surge seen from days prior, which constituted the beginning of the cup. Image at /x/XbSHLbbC/

Comment

Seems to be playing out right now. Good luck!
Comments
luis21jose21
Will this go up anytime soon you think
gtexpressalpha
@luis21jose21, it’s impossible to time the market, long term will go up 99% to 3-10$ 1-3years my call
oftenbach
@luis21jose21, as @gtexpressalpha said, it's not possible to time this market, especially one so sensitive to bitcoin's ups and downs. You'll notice the timeframe used here is 30 minutes. With there being between 60-90 bars comprising the first leg of the cup formation, it could take up to 2 or more days for the predicted resurgence to play out. Much of this will depend on the outcome of BTC's recovery that is currently being staged. Today's dip to $0.65 was a great buy-in IMO.
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