Stone881

Giant W pattern on the daily

Long
Stone881 Updated   
KRAKEN:OXTUSD   Orchid
Looks like OTX could be playing out this pattern. If BTC can hold in here and stay at least range bound, this has a chance to work out.

Based on the W, price target of $1.60 - 1.75 looks feasible.

We may also see a Cup and Handle pattern play out in the course of this.

I love trading OTX and it has been holding up very well over the past weeks.
Comment:
We'll have to turn up pretty soon if we are see this to play out. The cup and handle is still the highest probability at this time imo.
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