DeadSerious

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BITFINEX:BTCUSD   Bitcoin
Possible Cup&Handle in da makin

Short term idea for You guys. Just a guess but I believe this might be Cup & Handle in da makin. If that is right we could reach 8200-8400 from this pattern. Its not confirmed yet so be careful because I don't take responsibility for your trade decisions. Good luck
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Handle is finally getting some shape. Now we will probably build some bullflag or just sideways before shooting up in 1-2 days

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Price bouncing perfectly on handle support and continuing the patern

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Baby cup & handle was born. Will it hold?

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C&H idea will most likely fail if price go below 7500 level then I will follow this:


and my main bear-bull scenario

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Patern failed. Time for plan B

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Short term idea acording to Wyckoff Theory


cmtassociation.org/w.../11/WyckoffFig66.jpg
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Wyckoff didnt played out. Lets get back to reality

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Little Drop Correction
might be starting here very soon. Target 7k

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There is also a chance we ignore the divergences and do some crazy shit like here so be rdy for both

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No bounce before 6k it seems. Might even sink deeper before that

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Capitulation included
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We reached 6100 and bounced. Bounce to around ~7k is happening right now
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I'm not sure if we can still reach ~7k before continuing the drop. Bitcoin looks weak. I watch this triangle now

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Triangle breakout up so 7k is still in play


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bigger triangle might be formed here if we won't pass through 6700-6800 level

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aaaaand the triangle it is
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Restest of 6400-6500 levels coming
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Clear bear flag. Most likely won't go any further than 6400

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Real bounce should start when we reach 5500 level

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