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ruble
Aug 8, 2020 12:16 PM

Qtum Btc Analysis Long

Qtum / BitcoinBinance

Description

Buyers seem to be appetizing despite the selling pressure. The cup handle formation seems to be forming on the 4h candle chart in 3-month . If the handle is formed, it will try the 2936 sat. resistance closest to the memories. But first of all it has to break the 2588 ~ 2662 range.

This is my personal work. it is not investment advice. I wish to everyone luck.

Trade active

handle worked. Next step, it needs to break the upper trend line that forms the triangle.

Trade active

reverse shs occured. my first target 2900 ~ 3100 sat.

Trade closed: target reached

profit in the pocket ;)
Comments
adhkr
I agree 100% with your chart reading.
ruble
@adhkr thanks for comment
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