BTC & CONSOLIDATION PHASE
Updated
The pattern of the cup is already formed, completing the first three phases.
Currently the BTC is in the last (the consolidation/4th phase) always in the forming part of the handle to conclude with the corrective waves B + C and then the possible and most likely breakout of the resistance formed by the cup.
In addition to being in a moment of pure consolidation, the BTC is going through levels of resistance that comes from the past (example 6400)
The retracement after breaking the resistance of the cup 1/3 (0,33333) of the total depth of the same plus the increase of the volume in the formation of the handle makes even more solid the prognosis.
LONG LONG AND HOLD
Thanks for the likes and followers.
Good trading!
Note
Note
In a time frame of 1 hour, after the Tsunami and extreme volatility, we see that by the shapes of the candles and the behavior of the price we affirm the phase of consolidation.Moving in a range between 6000/6400 yuan, a practically flat Rsi, Bollinger's almost stuck together and filled with dojis-shaped candles (uncertainty in the market) we enter at least these days in a phase of calm and strange peace. From my point of view this will continue until the weekend, but not to neglect or blink because we are talking about the BTC.
Cya!
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