Bitcoin Weekly Cup and Handle
Cup formation: December 2013 - December 2016.
Handle: Two week drop in early January.
Breakout: Above cup top in early February.
Following this parallel channel up, testing $1391 would occur March 27-April 17 and testing $1784 would occur May 29-June 19.
Given the uncertainty around the SEC rule change for an ETF , the result could bring it outside of the channel. It will be interesting to see if it holds through March.
Handle: Two week drop in early January.
Breakout: Above cup top in early February.
Following this parallel channel up, testing $1391 would occur March 27-April 17 and testing $1784 would occur May 29-June 19.
Given the uncertainty around the SEC rule change for an ETF , the result could bring it outside of the channel. It will be interesting to see if it holds through March.
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