BTC in the process of handle formation of the pattern. Bullish once handle consolidation completes, breakout likely soon. Bitcoin, the largest cryptocyrrency by market capitalisation, after running up and breaking past the psychologically important $4,000 mark, gave up those gains and is now in the consolidation phase of the cup and saucer technical pattern, which is bullish for the poster boy. BTC/USD is down two cents of a percent at $3,800 and trading in less than one percent range for the day so far. On the 480-minute chart of this largest coin, it has formed a cup and saucer technical pattern which is a bullish sign, once the consolidation phase is complete. Consolidation phase is the formation of handle, which is final phase of this pattern, after completion of which, the crypto should head upwards and the breakout point would be recent high, $4,187 that is. Target after the breakout would be around $5,100 – exactly around the 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 QuadrigaCX audit can’t account for $100 million FX Street 4 years BTC in the process of handle formation of the pattern. Bullish once handle consolidation completes, breakout likely soon. Bitcoin, the largest cryptocyrrency by market capitalisation, after running up and breaking past the psychologically important $4,000 mark, gave up those gains and is now in the consolidation phase of the cup and saucer technical pattern, which is bullish for the poster boy. BTC/USD is down two cents of a percent at $3,800 and trading in less than one percent range for the day so far. On the 480-minute chart of this largest coin, it has formed a cup and saucer technical… 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.
