BitcoinLong
Bitcoin Handle Forming Quicker than Expected. Will This Play Out
Traders,
My anticipated Cup and Handle pattern looks, indeed, to be forming. The question remains on whether it will play out or not? If bulls are able to break that neckline at $24,200 then, over the next few weeks to months, I do expect them to continue to pull Bitcoin towards that target of 33-35k. Seems hard to believe I know but this is what the technicals on the chart are showing. Watch closely and trade accordingly. I will begin to start trading regularly again should we break that handle neckline.
Best,
Stew
My anticipated Cup and Handle pattern looks, indeed, to be forming. The question remains on whether it will play out or not? If bulls are able to break that neckline at $24,200 then, over the next few weeks to months, I do expect them to continue to pull Bitcoin towards that target of 33-35k. Seems hard to believe I know but this is what the technicals on the chart are showing. Watch closely and trade accordingly. I will begin to start trading regularly again should we break that handle neckline.
Best,
Stew
Stewdamus Trades -
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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stewdam.us
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