If this is the top and BTC experiences a trend reversal to mirror that of 2018, we would see 10K as the bottom. If the length of the trend continues in the pattern of the 2017 bull run, BTC would see 240K.
BTCUSD has formed a pretty nice cup over the past three months. I'm looking for a drop down to 8600-8700. From there a long position would take us to 11600.
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...
