austinratchford

BTC Cup & Handle with Inverse H&S

Alış
BITSTAMP:BTCUSD   Bitcoin
We saw a breakout candle with volume of the H&S confirming the pattern. Wide cup forming. According to O'Neil, handles should last around 4 weeks and drop up to 15%. We exceed the 15% momentarily but hey, this is Bitcoin. Handle pattern is invalidated if it breaks the pattern to the downside or essentially sees a new low. A breakout of the channel and then a breakout of the previous high around 31,000 would be extremely bullish with a price target around $44,000. Please rate this TA. Thanks.
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.