There was breakout of neck-line for Cup and handle .
Let's analysis BTC
If you are busy, you can just read below briefly
'A. Briefing '
'F. Summary and Strategy'
A. Briefing
. Breakout of neck-line for Cup and handle
. Approaching upper side of Wedge and Ascending Channel
B. Monthly Chart
increasing Volume and trying to breakout the last descending trend line
C. Weekly Chart
a. Trend
keep rising BTC -0.49% price after hammer candle
b. EMA
20EMA will be worked as resistance line and for your reference, candles are not staying stably since Jan.2018.
c. Pattern
Double bottom -> can buy when BTC -0.49% rise over $8506
D. Daily Chart
a. Trend
Candle is just attached at trend line -> check whether being supported or not
b. EMA
Possibility for Golden Cross between 20EMA and 50EMA
c. Pattern
AB=CD
E. 4H Chart
a. Trend
Keep rising.(Higher high, Higher low)
b. Pattern
a)
Cup and Handle -> when it retrace to neck-line, check support.
b)
Wedge or Channel -> approaching upper side -> There is possible to retrace
b. Fibonacci
if drop, check whether it is supported at Fib. 0.5 or not
F. Summary and Strategy
Approaching upper side of wedge and channel, resisting trend line and over bought on indicators. in these factors, there is possible to be retraced.
a) in case of rise : buy when it is supported at trend line after breakout it
b) in case of drop : buy when it is supported at neck line
Trade safely
Thanks and if you got help, click +Voting ^^