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Cup and handle. Expectet duble price increase in one week.

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BITTREX:1STBTC


On the 4-hours chart we see cup and handle formation. That formation appears before increases. We see a model cup, where the bottom is at the level of 30% of the last price peak. Currently, the price at the level of 12k-13.5k satoshi is the ideal price to enter, where during the week we should reach 26k satoshi.

For those who want to play longer, I will see another increase to the level of 64k satoshi, in the perspective of 2 months.

If you have questions fell free , ask here, or encourage private messages.

cichyAK
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in the one-day interval, the MACD indicator has been in very good condition for 3 days. After today's declines we also have confirmation at the 4-hour interval that we are starting the rally up.

RSI on 4h interval is over 60 and goes up.

It is very good signal.
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We are very close to the ressistan line at 14k satoshi witch is also end of our handle formation, if this time we cross that border we will rise very fast.
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In the 4 hour chart, based on the ichimoku strategy, we have a potential puncture from the bottom of the Kijun sen line through tenkan sen. Because this line can be pierced above the cloud, it will mean a very strong buy signal. We move in the growth channel, which means that increases at this particular moment can reach 17-18k.

If in addition the mac line crosses the signal line in the vicinity of zero it will be a complete confirmation of the increases - be vigilant :)

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