Looking at the charts I see a beautiful cup and handle has formed and is nearing completion.
The handle, which is also a descending triangle with a near perfect ABCDE correction touch, is almost near the final bottom touch (E). This is also the correction phase 2 of Elliot's 1-2-3-4-5 waves.
Combining Fib retracement with Elliot's waves and time/price/pattern brings us to the top of wave #3 near July.
For those of you who hate to do the BTC to USD conversion in your heads as I do, this price will be at about sixty (60) cents. At this point, we should see another correction, maybe down to forty (40) cents or so, and then a final pop before the year end up to eighty (80) cents.
I, personally, will be taking 50%+ off the top at around sixty (60) cents.
This is a higher risk trade friends, but I like what the charts are telling me here.
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.