Obviously people are bullish on bitcoin with ETFs a near certainty.
This is just something I looked at last night, please don't go and put the mortgage on it, this is theory from my part. Possible cup in the making (could also be a rectangle) but I'll stick with a cup for now.
Handle isn't formed (as yet) if it does start to form from the rim of the cup then a 15% drop is possible, anything more (at a close) would invalidate the cup and handle theory as it can't be anymore than 15% for a handle, wicks aren't included, so it can drop more but bounce back before the close.
As I said, this is theory until its not either way.
This is just something I looked at last night, please don't go and put the mortgage on it, this is theory from my part. Possible cup in the making (could also be a rectangle) but I'll stick with a cup for now.
Handle isn't formed (as yet) if it does start to form from the rim of the cup then a 15% drop is possible, anything more (at a close) would invalidate the cup and handle theory as it can't be anymore than 15% for a handle, wicks aren't included, so it can drop more but bounce back before the close.
As I said, this is theory until its not either way.