*BITCOIN* - HUGE CUP AND HANDLE (TARGET 14,500)

18 Şub 2018

Hey Traders,

We seen a decent size rally up from the bottom so far and now is the time for a correction, looking at the 4 hour RSI we have been over bought for a couple of days and now we are seeing a down. Ever time Bitcoin has pierced the 70 on the RSI we seen a massive down move to follow. This brought me to the cup and handle pattern which I drew out here. Target buy is around 9,300 and sell at 14,500. I picked 9,200 as the end of the down because the 100 would approximately be the bounce. 14,500 is the target on the fib but it may bust through it .

*do you own DD if you find this useful*

Thanks!

18 Şub 2018

Not

Still on track for a bounce at 9,300. We have a possible bear flag forming.

If we cant hold 9,200 look for 8,800.

18 Şub 2018

Not

bought back in at the break out of the trend . got a stop loss at break even.

18 Şub 2018

Not

As i thought would happen, happened and we broke trend . And I got stopped out at 10,750.

now we can look for 9,200.