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Turco
Oct 27, 2015 4:32 AM

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

Bitcoin / DollarBitfinex

Description

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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