Chart Patterns & Algorithmic Trader (Jan. 28, '20) (112)
BTCUSD Cup & Handle Pattern
s
Reviewed in CPAT
Bitcoin / US Dollar (BTCUSD) has formed a Cup and Handle pattern on its daily chart
and trading above the breakout level of $10522.61. C&H patterns are valid only when
price closes above the breakout level. A long trade is entered above the breakout level
with a stop placed below the lowest low of the mid cup $7190.26, and the handle low
$8895.01. Targets are placed at $13055.02, $14641.2 to $15760.8 and 17187.0.
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