BTGUSD 2H Giant Cup and Handle

Classic cup and handle pattern has formed. Volume breakouts at critical places confirm the pattern

Based on the size, it should send this up to 591.91 (fib 1.272)

تعليق:

TP target in this TA:

تم فتح الصفقة

تعليق:

some consolidation in this range is expected before next legs up

تعليق:

bullish pennant on 4H:

تعليق:

coiling action:

تعليق:

Forgot to add, $BTG is done with the ABC correction (EW patterns).

I don't usually apply EW analysis, but is clear here.

Red PSAR = A
Green PSAR = B
Red PSAR = C

This leg should range a bit before moving up.

تعليق:

The bitcoin hedge is real. Here's the comparison:

تم إغلاق الصفقة يدويًا:

not interested in hedging against BTC at the moment, due to strong price action.

will revisit this trade during the multi-month bear season