Cup & Handle yo im an island boy imma just try to make it island boy imma just island boy
Cup, handle, pump - 16k Cup, handle, pump - 18k???
Could see support at these levels and a return to 9.7k, then down to 8k range again.
We are tracking down within this pitchfork. We may see a return to 10250 area before encountering heavy resistance and a move to the downside. If we are able to break the middle line with force at any time I predict a return to the top of the channel. However the daily ichimoku cloud is looking to cross bearish for the first time since the beginning of the move...
The daily charts looks almost identical to June 8th of this year before massive dump. Potential short level here
Drew this line a few days ago, at least a week. BTC has been following my line since. Major resistance at 6700-6800 good short opportunity at that level. Short term buys around 5500 for another dead cat
Low volumes show entry point has not been reached, will continue bear trend before flattening out in the 4 - 5 thousand range