BTC looks like it has bottomed with a big cup and handle with targets of 17,700 but at the same time the handle wont be completed till it has broken 11620 resistance level which is the major level below which BTC looks negative ,it will need a powerful thrust in volume to break the horizontal resistance as well as the downward resistance trendline which is coming down from 20k ,making its mark on 17500 and 11700 along the way.
will be posting a zoom in view of the current situation , next few days extremely important to decide its fate
will be posting a zoom in view of the current situation , next few days extremely important to decide its fate
Kommentera:
A pessimistic view is explained in the linked idea
Kommentera:
successfully crossed the downward resistance trend line, cup and handle formation coming up with a successful break of 11800, resistance from 11600-11800.
target will be 17500
target will be 17500
