DeadSerious

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BITFINEX:BTCUSD   Bitcoin
Possible Cup&Handle in da makin

Short term idea for You guys. Just a guess but I believe this might be Cup & Handle in da makin. If that is right we could reach 8200-8400 from this pattern. Its not confirmed yet so be careful because I don't take responsibility for your trade decisions. Good luck
Komen:
Handle is finally getting some shape. Now we will probably build some bullflag or just sideways before shooting up in 1-2 days

Komen:
Price bouncing perfectly on handle support and continuing the patern

Komen:
Baby cup & handle was born. Will it hold?

Komen:
C&H idea will most likely fail if price go below 7500 level then I will follow this:


and my main bear-bull scenario

Komen:
Patern failed. Time for plan B

Komen:
Short term idea acording to Wyckoff Theory


cmtassociation.org/w.../11/WyckoffFig66.jpg
Komen:
Wyckoff didnt played out. Lets get back to reality

Komen:
Little Drop Correction
might be starting here very soon. Target 7k

Komen:

There is also a chance we ignore the divergences and do some crazy shit like here so be rdy for both

Komen:
No bounce before 6k it seems. Might even sink deeper before that

Komen:
Capitulation included
Komen:
We reached 6100 and bounced. Bounce to around ~7k is happening right now
Komen:
I'm not sure if we can still reach ~7k before continuing the drop. Bitcoin looks weak. I watch this triangle now

Komen:
Triangle breakout up so 7k is still in play


Komen:
bigger triangle might be formed here if we won't pass through 6700-6800 level

Komen:
aaaaand the triangle it is
Komen:
Komen:
Restest of 6400-6500 levels coming
Komen:
Clear bear flag. Most likely won't go any further than 6400

Komen:
Real bounce should start when we reach 5500 level

Penafian

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