On BTCUSD we have a classic Inverse Cup With Handle.
The move you are seeing bouncing hard off the 78k bottom is a corrective move designed to draw in Longs for a second wave of Margin calls as it tops out to form the cup handle, and sells off to retest the Breakout Zone.
If you bought this rally you should think again, We wont know BTCUSD true direction until the handle is formed and we re-test the breakout zone for reversal up, or a breakdown continuation of the bearish pattern.
Get Lucked or Get Phucked.
The move you are seeing bouncing hard off the 78k bottom is a corrective move designed to draw in Longs for a second wave of Margin calls as it tops out to form the cup handle, and sells off to retest the Breakout Zone.
If you bought this rally you should think again, We wont know BTCUSD true direction until the handle is formed and we re-test the breakout zone for reversal up, or a breakdown continuation of the bearish pattern.
Get Lucked or Get Phucked.
All opinions while deemed valid by its operators and shared on this board are not financial advice and are primarily for Entertainment Purposes.
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.
All opinions while deemed valid by its operators and shared on this board are not financial advice and are primarily for Entertainment Purposes.
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.