BITCOIN CUP AND HANDLE FORMING FEB 19, 2018
BUY THE HANDLE:
As you can see one of the possibility is a formation of cup and handle type of pattern. We can see the cup has formed we are looking for a correction at 11800 as it has been a resistance in the past before the turmoil. $11800 is critical we may see a correction of of about $1800 bringing bitcoin down to 10,000 to test support at $10,000. If this is truly a cup and handle then we may see an uptrend once the correction is over. I'd be looking to buy in low $10,000 range.
This is just my opinion and my strategy and not a financial advice. Let me know if you guys agree or disagree.
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