Cup and Handle "forming" 4hr,
I repeat "FORMING".
Dont be aggressive to trade make a plan and execute it properly.
BTC manipulates and so volatile, That's why you need to execute it properly.
watch out for btc before trading on other coins.
if this idea materialize, we can execute other coins.
We can easily identify that still bearish and not yet alt coin...
Everyone knows this asset tends to defy gravity
Bitcoin is the unilateral asset of 2022
Bitcoin does not discriminate it just is
it will be used to support global economy for the coming new economy
many have no idea that a new order is emerging.
The Bitcoin (BTCUSD) has had a major retracement after setting new record highs. The RSI signal is now giving early warning to buying opportunities, however there are still reasons to wait. Firstly, the price has found resistance at the 23% Fibonacci area and secondly the RSI has not fallen all the way to the lower, oversold levels. Once RSI touches the area...
What are you seeing today? Its a bubble?
2010:
2011:
2012~2013:
2014:
Today:
more consolidation could will come if ETF is not approved on 11th March 2017... some buying opportunity on dips which could still go to $700 to re-test
but I could see a really vertical pump if it is approved... and crash like 2014
