BTGUSD 2H Giant Cup and Handle

Classic cup and handle pattern has formed. Volume breakouts at critical places confirm the pattern

Based on the size, it should send this up to 591.91 (fib 1.272)

הערה:

TP target in this TA:

עסקה פעילה

הערה:

some consolidation in this range is expected before next legs up

הערה:

bullish pennant on 4H:

הערה:

coiling action:

הערה:

Forgot to add, $BTG is done with the ABC correction (EW patterns).

I don't usually apply EW analysis, but is clear here.

Red PSAR = A
Green PSAR = B
Red PSAR = C

This leg should range a bit before moving up.

הערה:

The bitcoin hedge is real. Here's the comparison:

העסקה בוטלה באופן ידני:

not interested in hedging against BTC at the moment, due to strong price action.

will revisit this trade during the multi-month bear season