BTCUSD - Cup and handle bullish reversal
If the handle breaks bullish and one enters near that region, it looks like a promising long opportunity.
Although, there might be greater returns to be some altcoins i.e. XRP or EOS as these altcoins have had a nice bounce on the 0.382 4H retracement (and 1.618 pullback extension) . See
Although, there might be greater returns to be some altcoins i.e. XRP or EOS as these altcoins have had a nice bounce on the 0.382 4H retracement (and 1.618 pullback extension) . See
Note
(Updating update already talked about in comments and adding the apparent diamond)Handle looks to forming some bullish structures:
- Apparent diamond
- Apparent flag like
- Apparent inverted H & S like price and RSI.
- RSI has broken handle trend line.
- MACD bullish and increasing athough below 0
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