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jerkevandeven
Mar 12, 2021 11:46 AM

Bitcoin breaking by March 16 - Cup and handle pattern  

Bitcoin / United States DollarCoinbase

Description

Expected downside movement in coming days to 52K level, followed by upward movement towards 58K level to break out above.

Comment

Bottom target hit of ~ 52K. Now forming the cup of the cup and handle pattern. Looking for the break out in coming week to previous top of 61794. Need to see break out above ~ 61.7K with strong volume to confirm cup and handle pattern

Comment

Need to see green daily candles close and reach neck line of cup and handle by ~ March 22 to confirm pattern.
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