Bitcoin
Long

Possible Cup and Handle Forming on BTCUSD

48
Appears that a conventional C & H pattern is forming for BTC. Volume at the decline and base of the cup coupled with the consolidation duration, seem to indicate that a breakout is coming fairly soon and a handle appears to be forming. We may be looking at a price test of 10k in the next couple days/week. A trader seeking to go long and who is a bit risk adverse may consider entry as the price closes above the upper trend line of the handle to confirm the pattern. Good luck guys

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.