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Bitcoin / Euro
Long

Bullish BTC Cup and Handle

Di JacintoMonteiro
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Possible BTC Cup and Handle
Just the continuation of my BTC analyses back in January2020, on the way to 41k/50k USD.




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"Just the continuation of my BTC analyses back in January2021, on the way to 41k/50k USD."
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Nice touch on the bottom of the CUP. And after on the middle of the Schiff rising channel:
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Update
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We are on the top of the cup, lets see if we will do this handle (orange)
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Handle (orange) seems to be the previous dip on jan11. The bullish three unique river bottom that i previously TA.
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Niceeee!
BTC breaks previous ATH as expected. Growth is taking shape:
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This was why bitcoin beat ATH record today.
Elon musk invest 1.5billions in btc.
eco.sapo.pt/2021/02/08/tesla-investe-15-mil-milhoes-de-dolares-na-bitcoin-moeda-virtual-dispara-para-recorde/
fbclid=IwAR1LW_UbcHtWfvrcctorJ0jsrA_5PyukQrhVpOPorRJGFrsvCO88Iuzc3wU

Btc is the most powerful currency in the world.
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BTC hits the top of the rising channel a bit before expected:
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Nota
Seems like we are using now 34k€ / 42k$ as support area:
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Sorry wrote badly. Its testing 37keuros / 45k dollars az support area*
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BTC holding nicely on that support area (top of the rising channel).
Looking strong!
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Broke down the pink support and re-entered the rising channel.
Nothing special here, just a small correction so far.
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Tweeked the modified schiff to a normal schiff channel. Seems more accurate now.
Elons "push" was exactly from the middle of it to the top of the channel.
We are now testing the top again and can easily go down to the middle again or even break the top channel today/tomorrow. Lets see.
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Testing the top of the rising channel as support again. To support further (big) growth soon, this ground must hold.
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Since Jan11 I call for a btc at 42keuros and 50k usd.
We are getting closer to there everyday.
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Strong looking BTC still riding the top of the channel and hungry for more.
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We touched 50k USD today. That was the target. 42k euros very close too.
I expect a continuation to 60-62k USD. With some updowns... or not.
Trade closed. May continue btc ideas in another TAs.
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BTC reached today the green circle area before expected:
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Green circle target. Spot on!
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Difficult to close this trade when BTC is circuling my circle LOL :P
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BTCBTCEURbtceurlongBTCUSDChart PatternsFundamental AnalysisLONGTrend Analysis
JacintoMonteiro
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