BTC is getting ready for another move back up to the 24k area.
The cup and handle pattern is one of the oldest chart patterns you will find in technical analysis. In my experience, it's also one of the more reliable chart patterns, as it takes quite some time for the formation to setup. Some of us may not be rocket scientists; however, everyone I know has used a cup in their lifetime.
Entry: Wait for price to come near to the 38.2 fib level THEN WAIT for the price to break out of the down trendline of the HANDLE. Enter on the retracement and hold till price reaches 24K!!! Stoploss is below that last double bottom. It's a good long term trade.
Happy trading!
The cup and handle pattern is one of the oldest chart patterns you will find in technical analysis. In my experience, it's also one of the more reliable chart patterns, as it takes quite some time for the formation to setup. Some of us may not be rocket scientists; however, everyone I know has used a cup in their lifetime.
Entry: Wait for price to come near to the 38.2 fib level THEN WAIT for the price to break out of the down trendline of the HANDLE. Enter on the retracement and hold till price reaches 24K!!! Stoploss is below that last double bottom. It's a good long term trade.
Happy trading!