BTC done with short term consolidation, time to move. If the pattern hlolds true to itself, upmove around the corner. Bitcoin, the poster boy of cryptocurrecies, is done with its consolidation phase of the cup and saucer pattern as reported by this author on Saturday and should now head towards the breakout point of the cup and saucer’s handle, breakout point for the same is around $4,200. (Read earlier article here) BTC/USD is trading flat on day at $3,810 and in half a percent range – good enough proof of its consolidation and exhaustion in this range where volatility has almost died. As reported by this author on Saturday, BTC has been in the cup and saucer pattern on the 480-minute chart and the handle pattern is now almost done with. The next move should be on the upside if the pattern holds true to itself. The breakout point of this pattern would be around $4,200 and would result in prices rallying up and beyond $5,000 and two key hurdles in its way up would be 200 days SMA and EMA. BTC/USD 480-minute chart: FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Trump says strong dollar hurting U.S. competitiveness – Reuters FX Street 4 years BTC done with short term consolidation, time to move. If the pattern hlolds true to itself, upmove around the corner. Bitcoin, the poster boy of cryptocurrecies, is done with its consolidation phase of the cup and saucer pattern as reported by this author on Saturday and should now head towards the breakout point of the cup and saucer's handle, breakout point for the same is around $4,200. (Read earlier article here) BTC/USD is trading flat on day at $3,810 and in half a percent range - good enough proof of its consolidation and exhaustion in this range where volatility has… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
