large base to cup/handle forming on bitcoin.. first rise to 57,203 target based on AD showing an ascending triangle. Then look to follow wave pattern, and have breakout from the handle
Note
this was the original cup/handle pattern I saw when charting those two bearish cypher patterns, the AD showed rise above key resistances levels, point to an Ascending triangle negating bearishness in the current market trend. Follow the money, the rest is noise and distraction. Esp, in the Chat. Cheers
Note
cup/handle breakout off the 3rd wave, these cup/handle patterns will continue higher. this is trading between multiple time frames til an invalidation. with the larger base of the cup/handle pattern setting up on a higher time frame i.e. the original chart posted...
Note
cup and handle now on the 15min tf
Note
we have to take stair steps up 5/15/30/45/1hr etc you will see these continuations of cup and handle patterns til breakout of higher time frames, the only reason they would stop is for a total invalidation
Note
if im up, i'll point out the volume breakout
Note
if you look closely at the AD, you'll see a cup/handle breakout in purple ..
Note
boom ad showing me 60k
Note
around 170 billion is needed to get bitcoin back over wave 3
Note
watch this 1hr desc. triangle
Note
live track of desc. triangle breakout set up
Note
AD showing me 75k, conservatively I can see much move happening by end of January 2022.. def. by next spring, see you at the top
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.