Cup & Handle breakout, easy rally while BTC dumps

BTC is about to dump on its bearflag for the next day or so (down to 10,300) -- and that should coincide nicely with this Cup & Handle setup on EOS.

Targeting the 1.618 extension on the cup bottom fibs. Should peak about 0.00165, then fall back to retest the previous high.

After BTC hits its low target, should begin a rally to 13,600 -- so this is a great way to catch two rockets in a row. Sell EOS > BTC at the top here and ride again ;)

Transaction en cours:

Ratio holding while BTCUSD dumps, so this C&H rally might wait to take off until BTCUSD starts rising

Trade fermée manuellement:

Yeah, this went nowhere :P was watching the handle rocket begin and then got stomped repeatedly with huge sellwalls. Yet another reason why I don't trade small alts, TA gets thrown out the window when the whales start throwing their weight around, easier in such small pools.

Commentaire:

For those of you who wonder why I don't chart alt-coins, *this* is why :P

TA goes out the window frequently with anything but BTC (and maybe ETH now)