Gwilasean

BTC/USD cup and handle?

BITFINEX:BTCUSD   Bitcoin / Dollar
Cup and handle forming or will we look for support around 8050?
Kommentar:
Didn't expect the trend to follow the C&H pattern (thought it would look for support lower) but it actually did pretty well!
If BTC finds enough momentum to break the resistance line at the indicated point, it might even have a good chance of finding new support at 9000! (indicated point is where 3 major resistance lines meet)
Kommentar:
Following the cup and handle projectory + taking the MACD and RSI into account, we might burst through the 9050 resistance!
Correction is finishing. Just need a nice 5 wave jolt right through.
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