With the current $4,000 correction in the bitcoin price that I was anticipating shortly after we achieved the higher high / new all time high, we have now officially started forming a handle to the cup we just completed. I was not anticipating we would go all the way to 57k before the correction however. Because o us reaching 57k first the rimline of the cup now has a slight incline to it which increases the potential breakout price. Had we stayed pretty even with the previous all time high the breakout target would have been around 98-99k. Now the breakout target can be as high as 104k if we don’t breakout before November 10th and even higher of a target the longer we wait to breakout after that. I’ve seen cup and handles trigger with very small handles in the past so This one could even trigger before November 10th. I just arbitrarily selected November 10th as the date to get a rough estimate of what the target could be like. We could breakout sooner than that or later than that. The handle could go much deeper than just 4,000 as well. I personally don’t think we will break below 50k and actually anticipate $51333 or so holding candle body support. We will see soon enough if I am correct. I also think the 1 day 50ma should likely hold support as well. *not financial advice*