SWINGPROFESSOR

Cup and Handle broke out! BTC reversal?!

Largo
COINBASE:BTCUSD   Bitcoin
Hi Guys!

What an action! Double bottom at 3500 areas! Boom!

And there BTC rallies! Up Up Up!
In addition, we broke the cup and handle at 1 H, this gives additional momentum to the upside!
I expect resistance at 4250 - 4350 areas! But on the candle counts, we are positive for more upside. BTC could reach 5 k areas really soon!

I expect to go down again from there, but if BTC manages to stay above 5500 this could form a V-shaped bottom of this bear market. Let us watch carefully!
December will be exciting.



Happy trading!




*This is not an financial advice, this is only an idea. Do your own research and act on your responsibility.
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