Clean cup and handle forming setting up for decent reversal with volume gap in line with c&h target. Will likely reach target quickly upon breakout. Log chart for visual.
The FOMO pill is real with bitcoin. By now we've gone far past fundamentals (transaction volume stagnant). I'd be careful around these levels with possible time bombs (tether/finex). It appears we may be entering a new channel, by all means climb aboard but be wary of exuberance & uninitiated investors (lunch break coworkers).
We will have to wait and see if...
