BTCUSD Bitcoin Inverted Cup and Handle Formation

11 May 2020

It sure does scare me to see such a well formed chart pattern unfolding before the eyes...

- A rejection from 8900 definitely means a drop to the 7700s support area
- A close above 8900 could mean a retouch of 9000, 9200 and 9500 possibly

Overall i would be careful and not play longs on this for fear of a fake out above.

Regards,
GOL D ROGER

11 May 2020

İşlem kapandı: hedefe ulaştı

SHORT take profit reached @ 8427.55

ENJOY = )