Extreme Bull Mode. Cup and Handle

BTCE:BTCUSD   Bitcoin / U.S. Dollar
I know it is way to early to call this, but I could see something like this happening. I remember a large Cup and Handle forming after the rise in April 2013. It was a long period of consolidation followed by a quick drop and then an extreme bull run from ~110 to ~1000 (or ~ 2000 if your were trading on Gox). We may be in a similar period of consolidation right now. The dotted yellow line marks where I think the bottom of this cup is. If this pans out we will still likely have a rocky and highly volatile market but it should on average stay on course of the orange cup.
Not bad. But if you look at past bull cycles, the rise takes quite a sharp turn upwards. If your analysis is accurate I wouldn't assume a rise to continue into 2015.
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