BTC: Hourly Inverse Cup and Handle, testing MA50
Just trying to see whats going to happen here, I’m no oracle and can’t see into the future, but using some creativity and a few grains of salt I’m seeing a possible “inverted Cup and Handle”.
MA50 on hourly has had several fake breakouts so far.
If next move down goes past the previous two, it’s trouble for Bitcoin short term.
I see a fast decline into the 6500-area then.
However, it may just as well be so that 10k will hold.
DONT short, but stay neutral. This will look like a great entry point in a year I think.
But I’m brainwashed into believing in the Mothercoin.