BTCUSD - CUP & HANDLE OR DESCENDING TRIANGLE?
Updated
(1) Cup & Handle breakout in the next two weeks is a possiblity and can be denied if it fails to breakout and then follow suit by formation of Descending Triangle in Week 3-4 and attempt for another breakout from Week 5-6
(2) Note the Red Arrows which forms the Strong Support and Buying Zone
(3) If the Wave Count is correct, we are entering a correction phase
(4) Confluence of Fibonacci Retracements of the Major Wave and the Minor Wave put the shaded region of the highest probability for the correction phase
(2) Note the Red Arrows which forms the Strong Support and Buying Zone
(3) If the Wave Count is correct, we are entering a correction phase
(4) Confluence of Fibonacci Retracements of the Major Wave and the Minor Wave put the shaded region of the highest probability for the correction phase
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Trade active
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Still going according to 21st Feb forecast Trade active
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The final test Trade active
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The Bottom prediction using Trend-based Fib Extension Trade active
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