Long

Updated

Someone ordered a coffee?

Possible Cup&Handle in da makin

Short term idea for You guys. Just a guess but I believe this might be Cup & Handle in da makin. If that is right we could reach 8200-8400 from this pattern. Its not confirmed yet so be careful because I don't take responsibility for your trade decisions. Good luck

Note

Handle is finally getting some shape. Now we will probably build some bullflag or just sideways before shooting up in 1-2 days

Note

Price bouncing perfectly on handle support and continuing the patern

Note

Baby cup & handle was born. Will it hold?

Note

C&H idea will most likely fail if price go below 7500 level then I will follow this:

and my main bear-bull scenario

Note

Patern failed. Time for plan B

Note

Short term idea acording to Wyckoff Theory

cmtassociation.org/wp-content/uploads/2015/11/WyckoffFig66.jpg

Note

Wyckoff didnt played out. Lets get back to reality

Note

Little Drop Correction
might be starting here very soon. Target 7k

Note

There is also a chance we ignore the divergences and do some crazy shit like here so be rdy for both

Note

No bounce before 6k it seems. Might even sink deeper before that

Note

Capitulation included

Note

We reached 6100 and bounced. Bounce to around ~7k is happening right now

Note

I'm not sure if we can still reach ~7k before continuing the drop. Bitcoin looks weak. I watch this triangle now

Note

Triangle breakout up so 7k is still in play

Note

bigger triangle might be formed here if we won't pass through 6700-6800 level

Note

aaaaand the triangle it is

Note

Restest of 6400-6500 levels coming

Note

Clear bear flag. Most likely won't go any further than 6400

Note

Real bounce should start when we reach 5500 level

DeadSerious

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

DeadSerious