Bitcoin vs US Dollar - 1hr Cup &Handle to $8,000 and beyond

Bitcoin formed a cup and handle as well - keeping to recent channel but expecting the reverse like clockwork if the following plays out

bullish sentiments may take towards a new ATH or a double top

looking to short from the ATH and then long on the bounce, MACD is signaling over bought sentiments

put in channels for typical set ups, be great if it does follow this

this also could kill alt trading for a bit, BCH may tumble too

nothing is set in stone, lets see it play out folks

ty fr all the kind support and likes, plz feel free to share my charts over twitter and telegram, tag me in it and will follow and tag u to 4k followers too!

have a powerful day

交易开始: UPDATE to Original idea

volume is inconsistent with a typical cup and handle formation
Is there a reason for why this time there would not be a ABC correction? Scaled picture has exact count of EW suggesting we should be @ the end of wave B, heading down to C. Txs.
rolandcura rolandcura
@rolandcura, Also, why do you believe, should the dip occur it would be @7K, is it the fib 0.618?
majorlee rolandcura
@rolandcura, hi, thx for comments

the channels are just guides, good support at 6800 area

will look and examine the waves now, as we know BTC has highly emotional traders so the dips go that much deeper
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