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Oops_I_Charted
19. Apr. 2017 19:26

Bitshares BTSBTC - Cup & Handle Breakout? Long

BitShares / BitcoinPoloniex

Beschreibung

Looks like another potential Cup & Handle.

The yellow one doesn't really have a neckline point on the left side so I'm not sure how valid it is - otherwise it looks pretty good. Breakout may be happening now.

If you draw it with the neckline at the previous peak (purple), we've already broken above the neckline and the target is similar.

My for either one is going to be in the 1300 range.

Good luck!

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BTW, if this pans out it'll bring us up to the neckline of the BIG C&H:

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Although that big C&H above isn't the strongest case since cup & handles are continuation patterns. It still looks bullish in any case.

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Here we go...

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Welp, bitcoin happened...stand by lol

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Momentum stalled by the bitcoin rally, but it held up surprisingly well and the C&H formation hasn't been invalidated. Will be watching closely but I'm still bullish and keeping my position open.
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TheRichest
In, not sure where the top will be.
Oops_I_Charted
@DatNgo, I'd say in the 0.00001300 range. Might hit some resistance around 1170ish and retrace a little, but I think it'll get to 1300ish in the next couple days
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