BTC is My Cup of Tea

31 mar 2023

BTC cup and Handle similar to '19 structure.

Handle would line up with the fib levels and the next major support below.

Keep an eye on this.

NFA

do your own DD

Novice trader here.

31 mar 2023

Nota

I wanted to also update this idea with another likely target for a more shallow cup.

7 abr 2023

Nota

Weekly Fib Circles with Bullrun Potential Targets and Timeframes.

21 abr 2023

Nota

price is diving down the estimated handle arc.

Will update with a lower timeframe tomorrow as the price action developes.

21 may 2023

Nota

This is the arc up in the (sloppy) cup structure on the hourly chart.



This is the (flat?) handle for the cup. guys, its not your average cup. the handle is flat. its a hipster thing I think.

23 jun 2023

Nota

Just wanted to update this idea as the handle has seemed to form quite nicely.

This is what I am expecting. Info line is the depth of the cup, and lines up well with a rejection off a major trendline overhead.

25 jun 2023

Nota

I think we need one more good pullback before the real bullish action begins.

rsi is maxing out at 70s

200 sma is lining up with a strong support below

a potential revisit of the 25,5 region seems likely to act as a springboard for another nice long settup.

26 jun 2023

Nota

looking for a retest of this zone before we continue to the north on the Daily chart.

posting to show a clearer target in the ellipse zone.

200 sma, support, and rising macro support coming together

alongside the .618 to the .786

27 jun 2023

Nota

also maybe a 4H double top forming. this would also lend to a breakdown back toward the 25-27k level that has strong support.

27 jun 2023

Nota

Weekly perspective.

The handle feels like it was cut in half by this major weekly candle.

I think this trendline is going to reject bitcoin and is where the next major correction will occur from. It seems to cut the hyper bullish and hyper bearish action in half from one cycle to the next.

This trendline caught my eye and is also worth paying attention too.

19 ago 2023

Nota

we got the retest I was anticipating. RSI is reset. Im expecting a quick recover for BTC

9 ene

Nota

back to the macro for this weekly perspective

19 ene

Nota

Monthly as it stands is topping off with a shooting star doji.
A close like this would be strong evidence for more downside on the monthly and weekly Timeframes.

30 ene

Nota

going back to the first update to this idea, heres how to C+H played out and why I expect the bears to take control through winter into spring

5 feb

Nota

Multicolor trendlines are going to be areas to pay attention to during discovery.
pullback or not, the moon is closer than you think.
We need a reset on the oscillators.

12 feb

Nota

3 abr

Nota

i did not expect new ath pre halving, but the stakes are much higher and the institutional demand is here.
monthly mother of all cups could be looking for a handle

3 abr

Nota

buckle up.

12 abr

Nota

27 abr

Nota

28 jun

Nota

daily

3 jul

Nota

edit/ last update was WEEKLY perspective.

This is another look from the weekly

5 jul

Nota

weekly

13 ago

Nota

Handle formation still in progress.

23 sept

Nota

sma's are in proper order and inclined. price action is forming a broadening descending wedge that is the hand of a large monthly cup. Formation looks textbook to me.

28 sept

Nota

everything is looking good in my opinion.

8 nov

Operación activa

Here is the breakout of the handle on the weekly chart. Big candle breaking through descending resistance.