crypto_poet

BTCUSD 4H, Cup and handle

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BITFINEX:BTCUSD   Bitcoin
It's always a scenario. Confidence in these areas don't exist, we do have tools however which allow us to protect size f our portfolio.
Cup and handle pattern usually indicates break to the upside. Huge LH - LH resistance (thick white) in my opinion will reject continuation to the upside.

Let's see how this one goes.
Komen:
Target reached ... time to short.
Dagangan aktif:
Target hit, RSI at 4H oversold. After a bit of side movement and euphoric spikes comes time for retrace.


Next target :
Dagangan aktif:
Dagangan aktif:
Dagangan aktif:
RSI still high, we need to get below 30 in order to even consider short-term reversal (if at all).

Dagangan aktif:
Target reached, time for a short reversal :
Komen:
Dagangan aktif:
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.