OBITS is Showing Off a Fancy Cup & Handle!!

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·@haejin·
0.000 HBD
OBITS is Showing Off a Fancy Cup & Handle!!
<center>![](![]![](https://steemitimages.com/DQmdYYJYeken6C9AQZSBSYEGunuEfAv7nSg4ZURCWXnKteL/image.png))</center>
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**SUMMARY**

The OBITS/USD pair is showing that price has decisively breached a bullish downward pointing symmetrical triangle. Target is $4.72
![](https://steemitimages.com/DQmW1X3CGCDQ1PYrLj1qXNmZGtFEPvoohiVBxYuoCizunfi/image.png)

Below is same but much larger in time scope. Check out how the five impulse waves were put in and the a,b,c is now done with the cup pattern formed with only the handle remaining!
![](https://steemitimages.com/DQmPQG3XBwPwo6u5FLBUFMmmyHs4YvE49Mbe1i6593CLSzN/image.png)

The OBITS/BTC is forward discerned to follow the bowl pathway for now with an expected handle. It's clearly lagging the USD pair.
![](https://steemitimages.com/DQmQw4GPxToWh5FCjDcfQ4PE37UjQzXefGnpfB9BUgKegmL/image.png)







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[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
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[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
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Follow me on [Twitter](https://twitter.com/Haejin_Crypto) for Real Time Alerts!!
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