zippy1day

BTC Possible Inverted Cup & Handle?

Long
zippy1day Updated   
BITSTAMP:BTCUSD   Bitcoin
Looks ugly and is ugly for those who are long like me!
thepatternsite.com/icup.html
Saving grace so far holding up above strong bull trendline in "Light Blue" line left to right in upwards direction.
Trade active:
Possible ~ Descending Triangle :-http://thepatternsite.com/dt.html
Trade active:
Descending Triangle Up Breakout : Target $8450
Trade active:
Descending Triangle Down Breakout : $7426
Descending Red Line = Cover Line and aggressive buy and Green Line safer buy!
Trade active:
Descending Triangle Target reached and breached!
Trade active:
Lip broken convincingly and searching for target
Trade active:
IMHO we have not reached target on this pattern but close to minimum, therefore the market still in balance but this video may help understand targets better?
www.google.co.uk/search?tbm=isch&a...
Trade active:
Minimum target was met over the weekend ~ remains to be seen where we go from here?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.