BATBTC Approaching the end of the handle
Hey Cryp[to
So let me tell you what I see. Oh also, this is not a trading advice.
Ok so looking at the char there is a clear cup and handle being completed. Right now the price is floating on the 61.8% fib line. There's also a double bottom pattern in the handle that found heavy support at the mid cup depth- 50% fib level- which happens to be the support we found over the summer. On both occasion, the price closed above the 61.8% line. It's right on time for the handle pattern to start testing the top of the channel. This is obviously if BTC can keep this upward trend from the last couple of days. If we close above of the channel we can expect the price to reach a target just under .00010000. The top of the pattern would be .00011466
Cheers,
Go BAT
So let me tell you what I see. Oh also, this is not a trading advice.
Ok so looking at the char there is a clear cup and handle being completed. Right now the price is floating on the 61.8% fib line. There's also a double bottom pattern in the handle that found heavy support at the mid cup depth- 50% fib level- which happens to be the support we found over the summer. On both occasion, the price closed above the 61.8% line. It's right on time for the handle pattern to start testing the top of the channel. This is obviously if BTC can keep this upward trend from the last couple of days. If we close above of the channel we can expect the price to reach a target just under .00010000. The top of the pattern would be .00011466
Cheers,
Go BAT
Kommentera:
Oh the top of this, the volume is almost nonexistent which is typical in the handle pattern.
Kommentera:
The current RSI shows that this is way oversold. Expect a reversal soon.