Looking at this 4hr chart it looks to me like a giant Cup and Handle formation has formed.
Honestly, I'm kinda obsessed with these half moon, full moon, whatever moons...so do with this what you will!
A move towards $50,000 would be in agreement with my previous BTC idea (Bitcoin Bottom?) in which I described a Bullish Cypher that could take us down towards the $46,0000-$50,000 range before more upside action. This could be the spring board to take Bitcoin towards the top of the blue channel.
If Bitcoin can break above the handle and then get above the neckline of the cup I will be howling for the moon!
What do you think?
Honestly, I'm kinda obsessed with these half moon, full moon, whatever moons...so do with this what you will!
A move towards $50,000 would be in agreement with my previous BTC idea (Bitcoin Bottom?) in which I described a Bullish Cypher that could take us down towards the $46,0000-$50,000 range before more upside action. This could be the spring board to take Bitcoin towards the top of the blue channel.
If Bitcoin can break above the handle and then get above the neckline of the cup I will be howling for the moon!
What do you think?
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