BTC- This pattern is a "cup and handle reversed" - this is different from an inverted cup and handle - Using the Bitstamp graphs show that the 'handle" on this reverse cup and handle goes till 9744 - The 9744 figure is calculated using 2X the distance from the bottom of the cup till the top of the cup - when a line is drawn down to where the "handle" intersects the line the point is around 9744 . So BTC cannot be done moving up yet as 9744 has not been hit yet . BTC should complete the move to 9744 after this correction.
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The Bitfinex graph is giving erroneous information and Im redoing the graph below using the BITSTAMP charts
Beware, after the nonsensical bombshell of the other day, almost no bitcoin graphics are reliable, they all landed at different price levels, bitstamp was the one that fell the most, I would say that you better use the bitcoin BLX index that at least softens all that
mycotoxin
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@RodrigoGarreton, yes thanks for that - The exchange graphs are really unreliable currently - especially Bitfinex that graph is really out of sync with the rest of the exchanges and its easy to make a mistake when using this graph .