Possible Cup and handle formation on Bitcoin's chart.
We need the price to go back up to the neckline and hope for a breakout. If that happens, I'll update this ideia with the expected target.
Breaking below the critical Fibonacci levels shown on the chart would hurt this analysis.
Cheers.
We need the price to go back up to the neckline and hope for a breakout. If that happens, I'll update this ideia with the expected target.
Breaking below the critical Fibonacci levels shown on the chart would hurt this analysis.
Cheers.
Note
We've just had another minor cup and handle!!Right on the neckline at the moment. If volume manages to stay above average, we can enter a trade with the target @ 66,2k!
Also, cups inside major cups strenghten the main pattern.
Note
RejectionMinor cup didn't work as expected.
Overbought on RSI and not enough volume
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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.