MoonPickle

BTGUSD 2H Giant Cup and Handle

Largo
MoonPickle Actualizado   
BITFINEX:BTGUSD   None
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)
Comentarios:
TP target in this TA:

Operación activa
Comentarios:
some consolidation in this range is expected before next legs up
Comentarios:
bullish pennant on 4H:

Comentarios:
coiling action:

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

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

will revisit this trade during the multi-month bear season

Ideas relacionadas

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.