BTC - Cup and Handle Pattern?

5 באוג׳ 2019

Hear me out guys. These next 2 days will be very telling on the direction of BTC for the near future. The price could very well continue on an upwards trend the way it is; however, I believe it's much more likely we see a severe spike before a strong rally. We've seen a reliable U-shape for the bottom of the cup pattern over the past couple of weeks. The last movement we're looking for here is a hard drop around 12.2K, and then hope it catches itself around 10.6K. If it happens, a major rally is on the horizon to around 14K.

It's a little early to tell, but keep an eye on it the next couple of days!