BTC/USD Intra-Day EST Afternoon Analysis - Cup with Handle
Good afternoon folks!
BTCUSD
It seems like we have a "Cup with Handle" pattern (pink line).
Even though the MACD and RSI have been as flat as a pancake, that seems like it won't last very long.
The volume is quite high which means people are itching to buy (based on the long bottom wick at 13:00).
Now is a good time to buy. Stop at the bottom of the handle at $46,018.
Legal note: this is not investment or financial advice, just my idea. Trade at your own risk.
BTCUSDIt seems like we have a "Cup with Handle" pattern (pink line).
Even though the MACD and RSI have been as flat as a pancake, that seems like it won't last very long.
The volume is quite high which means people are itching to buy (based on the long bottom wick at 13:00).
Now is a good time to buy. Stop at the bottom of the handle at $46,018.
Legal note: this is not investment or financial advice, just my idea. Trade at your own risk.
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