has formed an inverted cup and handle
. This signals a continued descending trend. Previous all time high was 66 so this is forming strong support between 66 and 80. The EMA
13 and EMA
34 show the cup pattern with little effort on my part. Once some volume
picks back up and BTC
settles over the next 12 hours I think we will bounce back. I Think we will hit the previous new All Time High again by New Years or the first week of 01/18. I will keep an eye on this and repost new targets with ideas on profit targets. I am still long on this coin!! Be patient if you bought in at 100 - 160 I see you recouping your investment and even some modest profit in the next 2 weeks. If BTC
rejects this current uptrend which i think it will when the volume
returns alt coins abroad will jump back up!