DrDovetail

A larger C&H possibility

BITSTAMP:BTCUSD   Bitcoin
For now this is still more speculation than anything else on my part...but I think with the current weekly bullflag and the 1hr cup and handle we have both having the exact same breakout target of 10.2k, it would not surprise me if it went slightly above that breakout target to reach a level with our previous lower high of 10.3-10.4k thus completing a bigger cup and preventing a lower high at the same time...I could then see it dipping back down to our horizontal support of 8.5k to fill the gap down there as well as complete the first half of the bigger cups handle before coming back up breaking above this bigger hypothetical cup and then heading to 12k which is the falling wedge target and then probably 14k not too long after which would create and even bigger cup with our high from 2019 which I would then expect another dip to create another handle but no clue how big of a dip that would be...all just speculation for now but I thought it would be a fun post to make all the same. *not financial advice* Thanks for reading.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.