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Cup and Handle????

ที่อัปเดต:
Thoughts? Looks like we may be forming the handle portion before going higher? I just don't think we are topped out just yet as BTC hasn't show the volatility that it has in the past on the tops of these bull runs.
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สแนปชอต


Still forming the handle. Also bullish divergence forming. Approaching bottom of the channel.
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สแนปชอต

So far trade is playing out. We've reached some resistance forming the handle. I would like to close and hold above 60k otherwise we might test the 52k-53k area again. Will be adding more the my position on either the breakout or the retest.
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สแนปชอต

Looks like we're currently trying to breakout of this handle. I added the Fib Extension indicator as well as measured the cup and handle for possible targets. Everything is on the chart!
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สแนปชอต

BOOM! Power of Fibonacci

Entry should be as close to 52k as possible with a stop-loss underneath the channel and below the .382. IF we get a daily close below the channel, this will invalidate this idea and hit our stop-loss. Nobody knows which direction this will go for sure but too much confluence with this idea not to take a LONG entry.
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Stopped out.....updated idea to follow
Chart PatternsTrend Analysis

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