Acwood

Remember This? A Textbook Cup and Handle

BITFINEX:BTCUSD   Bitcoin
The first Big Hurdle was to Turn that Powerful resistance Line into a support line, as the Bulls have finally taken hold. As a novice I don't understand all the other factors involved, however an upward move now that is equivalent to the same height as the cup, should see a rally all the way up to $14,300.

Let's see how this scenario pans out and if other TA can either confirm or deny the classic Cup and Handle outcome.

Cheers
Ace
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