BTCUSD 4H, Cup and handle

It's always a scenario. Confidence in these areas don't exist, we do have tools however which allow us to protect size f our portfolio.
Cup and handle pattern usually indicates break to the upside. Huge LH - LH resistance (thick white) in my opinion will reject continuation to the upside.

Let's see how this one goes.

تعليق:

Target reached ... time to short.

تم فتح الصفقة:

Target hit, RSI at 4H oversold. After a bit of side movement and euphoric spikes comes time for retrace.

Next target :

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RSI still high, we need to get below 30 in order to even consider short-term reversal (if at all).

تم فتح الصفقة:

Target reached, time for a short reversal :

تعليق:

تم فتح الصفقة: