Bitcoin 1h TimeFrame Cup & Handle Pattern (Support & Resistance)
The Cup & Handle chart pattern is definitely a bullish pattern so let's see how it works out here on the BTCUSD chart.
The chart signals are a bit mixed and we are on a decision point.
Let's have a look at the support and resistance levels on this timeframe.
The immidiate support for BTCUSD 1H sits at $20,146, we are strongly bullish above this level.
Followed by $19,721, which is the main support short-term.
As targets/resistance, above $20,440 we can easily expect additional growth.
Moving above this level, can push BTCUSD to $21,605 and beyond.
You can find these levels marked on the chart.
Namaste.
The chart signals are a bit mixed and we are on a decision point.
Let's have a look at the support and resistance levels on this timeframe.
The immidiate support for BTCUSD 1H sits at $20,146, we are strongly bullish above this level.
Followed by $19,721, which is the main support short-term.
As targets/resistance, above $20,440 we can easily expect additional growth.
Moving above this level, can push BTCUSD to $21,605 and beyond.
You can find these levels marked on the chart.
Namaste.
Trade closed: target reached
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🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
Related publications
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.