drmojo

btcusd positional cup & handle trade setup

Long
drmojo Updated   
BITSTAMP:BTCUSD   Bitcoin
disclaimer: viewers are advised to trade at their on risk. .
Positional trade steup
Btcusd formed a nice CUP & HANDLE pattern on hourly time frame.
breakout was confirmed with increase in volume & surpassing crucial pivot line.
buy @ 5810 - 5860
target 1 = 5999
target 2 = 6181
target 3 = 6419
sl= 5680
Comment:
BUY above 5750
Comment:
best opportunity to get in the trade at this pullback
Trade closed: target reached:
well it after 3 days and we just hit our final target
bought at 5820
sold at 6300 generating a nice 8% in 3 days
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