aulakh03
Long

Cup with handle formation !!! Bulls taking charge !!!

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
As many analysis-ts and chartists have already drawn downward wedge which has give breakout . Breakout which occurred at 8100 and took the price near 9200 from where a correction is seen till 8225. A beautiful cup with handle has formed in daily which can give breakout above 8950 and target for longs to be 10200 . In this correction or i would say profit booking Btc has tested its downwardtend trend line which is a good for buying opportunity. So a long can be initiated with an stop loss of 7900 for the target of 10200 and above . Resistance of 9200-9300 would be breached as its getting tested for second time . Also it shows in daily chart , daily candles have long tale in this correction .
We Believe in Technical Analysis and all our trades are initiated according to it only !!!
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