Bitcoin Cup & Handle

By Sharky8899.

Updated

Just an idea, you guys love patterns.... so here it is.
Sideways to Down til Friday, then it will pump again.

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My previous idea, was a Nice proffit if you guys fallowed it.
This masterpice... mybe you remmember back in july.

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Golds major bottom in 2016... dont know if similar Plays out.

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So far so good. I will see if its drops in the weekend, so i can get a levraged position up to 10k. The Pump groups favorite move is to manipulate in the weekends, while most people are doing other stuff.

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TO THE MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOONNN!!!!!!!!!!!!!!!!!!!!!!
lol

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Well.... lets see what happens.
The pattern is woring. Usally it is verry explosive.

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Dont usally get the cross of the oscilator in the weekly to often but it happend.
Its a lagging indicator but long term it is not something i bet against...

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Trendline break, Our target is 8400.

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Based on the cup and handle breakout of the handle. Long term target should be the march high of 12000.

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First target almost reached.

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Shorts are getting killed..... its a massacre..... calle the ambulanse.

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Its stretched above the avrages, need to og sideways to Down, before it continues.
Bears will probally short again and get rektd, i belive bears will have this nightmare in their dreams for a long time now.

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If this holds until NeXT week, we just got a swing in the monthly chart.
That means the yearly cycle low???
If thats the case, get you FOMO Sneakers on quickly.....

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Delevraged my position at 8300. Sentiment is turning bullish again.
And i dont like to think like the sheeps, soon bitcoin will be in the news, and majority of traders on tradingview will post crazy bullish analysis. I am acctuly looking for a short this week if i find a good entry.

This trade has been good, and reached my target of 0.6 fib retracment.
Thanks for fallowing.

Sharky8899.

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