BTC - Cup&Handle + bullish IB. Are you ready for a real thing?

27 ott 2019

BTC formed a classical continuation C&P pattern. We should retest 9400-9500 first and then take off. Important to close this weekly candle in 9-10k range, but it would be perfect to break 10k before the weekly candle will close. Bitcoin is due for some nice move. I'm looking at the area between 12 and 14k. 12 is more realistic ATM, and 14k before the first pullback. We also have a bullish inside bar on daily(at least for now), which will remain valid unless we'll get under 8600 which is unrealistic, or get above 10500 which is desired anyway. Consider that it could be the lowest price this year, so don't hesitate too much. If you want a rock-solid confirmation - wait for breaking 10k, but R/R ratio is great even now.
I'm fully loaded with BTC and DOGE and preparing to enjoy the ride.