Okay friends, here is the deal.
There is a MASSIVE cup and handle forming in BTC.
MASSIVE.
What does that mean, fundamentally?
If I were a whale, what would I do to try to trick people, and manipulate the market?
I'd put a BIG, FAT bullish pattern on the longer term charts.
A BIG FAT ONE.
Any inexperienced trader is going to see and think that the massive cup and handle is going to play out.
It will.
It just won't do it until we get the MOMENTUM NEEDED.
Right now, we don't have it.
I SUSPECT an $8k or $8.3k reversal, with a small bounce around $9,040.
These are just my thoughts painted on a chart, not trading advice.
Good luck to everyone and happy trading!
There is a MASSIVE cup and handle forming in BTC.
MASSIVE.
What does that mean, fundamentally?
If I were a whale, what would I do to try to trick people, and manipulate the market?
I'd put a BIG, FAT bullish pattern on the longer term charts.
A BIG FAT ONE.
Any inexperienced trader is going to see and think that the massive cup and handle is going to play out.
It will.
It just won't do it until we get the MOMENTUM NEEDED.
Right now, we don't have it.
I SUSPECT an $8k or $8.3k reversal, with a small bounce around $9,040.
These are just my thoughts painted on a chart, not trading advice.
Good luck to everyone and happy trading!
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I have a feeling, if we go super-bear, it's going to happen so fast you'll barely blink and we'll be halfway down. Whales NEED to make it fast, otherwise it will give people enough time to sell out.
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$9,275 is the highest we can go for this to be valid.
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I am streaming this price action LIVE on twitch.
I cannot advertise here or I will be banned. PM me if you cannot find me.
-teh Salesman
I cannot advertise here or I will be banned. PM me if you cannot find me.
-teh Salesman
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Meanwhile over in DGDBTC........................................................
Did someone say cup and handle?
;D
Did someone say cup and handle?
;D
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Maybe?
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A little better view, lol my bad
