BTCUSD Bitfinex WEEKLY Long term Cup & Handle The enormous Cup & Handle can easily be seen on this WEEKLY chart. I personally do not recall ever seeing a cup this grand. The cup formation dates back to January 2014 Beautiful reversal candle is evident once it hit 6000 Stoch RSI is set up on weekly Macd is nearly set up if BTC wants to remain in the extreme long...
ICX appears it could be setting up for a move up here to at least the top of the uptrend trend line. I was a little late to the party and my entry is @7040. The uptrend is clearly defined and I am looking for a possible 50% scale out exit at @9300-9600 in hopes that it can continue to head upwards for a 2x return Happy trading, good luck!
2nd Publish. Still trying to figure out how to update with images so I can just update my last BTC post. My last publish BTC held the secondary uptrend within the shortterm downtrend and broke above channel resistance to move higher. With a few adjustments to lines I believe you can see clearly on the longer term uptrend daily we are at the top of trendline. Not...
On failed breakout attempt downtrend target 8100-8600 BTC is on Big Bang Theory tointe I believe so we will see if that moves. I used 2 past trend support and resistance lines. Connect the dots. The 3 meet at entry. 2sick