Re: Lose all your capital fast, with MatTheCat and his TA 101A!
Mat, you gonna buy now or wait to FOMO buy at $1400?
Bitcoin has now completed a giant, two year long cup and handle. For any TA illiterate, that means likelihood of skyrocketing soon = high:
Wait... There is no handle... So now you want 4 months of meandering sideways with a slight downward bias to form the handle?
It is convenient how you cut the rest of the chart off to make your point seem more probable... $685 wasn't a significant high of that sort, though. Now, if we get the same setup at 1200, then I would agree that c&h is a good possibility.
1200 wasn't really all that significant, IMO it was just nuttyness, to me the key number is 800$
top of the cup should be in low 800's and handle should bottom in the 700's
one more good leg up within the next few weeks and we have ourselves a solid a c&h