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!
volume is inconsistent with a typical cup and handle formation
Folder5
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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.
Folder5
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@rolandcura, Also, why do you believe, should the dip occur it would be @7K, is it the fib 0.618?
majorlee
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@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