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DenisTrofimov

BTC Bullish Cup and Handle

Long
Bitcoin (BITMEX:XBTUSD.P)  
DenisTrofimov Updated   
BITMEX:XBTUSD.P   Bitcoin
Trend Analysis Chart Patterns
1
0
trendanalysis chartpattern
BTC Bullish Cup and Handle and confirmation of the Head and Shoulder.
Entry 6650-6450
Stop Loss Below 6395

Target #1 7000
Target #2 7200
Target #3 7500
Comment:
Target #1 and #2 reached. Please update your stop loss to 6990 for the rest of the order
Comment:
If you missed the train on this trade, do not buy or long BTC now. Too risky. Wait for the retracement. We might be flat for a couple of days or go down. But 7500-7600 is a very strong resistance.
Comment:
Target #3 reached. Shorting the market is not recommended, but possible at $7620 with tight stop loss. Waiting for the retracement back to 7250-6950. Will update soon!
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