Turco

A larger Cup and Handle formation? (Maybe too early to tell)

BITFINEX:BTCUSD   Bitcoin / Dollar
If we exclude the 10,000 BTC stop run on Bitfinex and use a floor of $220, a cup formation becomes evident. After recently going parabolic, a healthy pullback of 1/3 the depth of the cup would set us up for a C&H continuation pattern. Now if the pattern resolves bullishly, a target of $375 is achievable.

Good luck and happy trading!
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