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OZtheBTCWizard

BTC short-term BULLISH (Massive cup and handle forming on daily)

Long
Bitcoin (BITFINEX:BTCUSD)  
OZtheBTCWizard Updated   
BITFINEX:BTCUSD   Bitcoin
Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) BTCUSD BTC XBTUSD xbt cruptocurrency crypto cryptocurrencies cryptotrading
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chartpattern indicator bitcoin btcusd btc xbtusd xbt cruptocurrency crypto cryptocurrencies cryptotrading
Bitcoin appears to be forming a massive cup and handle formation on the daily timeframe. This formation has been in play since early 2019. BTC is looking to re-test $4200, at which point it will be rejected back down to ~$4027. This will mark the completion of the handle, at which point BTC will shoot up into the $5000 area. Whether or not it will be rejected then remains to be seen, however it is looking bullish in the short-term.
Trade closed: target reached
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