Alchemia

BTC - Cup n Handle

Long
BITSTAMP:BTCUSD   Bitcoin
Currently forming a Cup n Handle on bitcoin.

ATH and weekly R1 pivot, currently building the top of the formation and are a strong resistance.
Break of these level will provide an upmove into the area of the weekly R3 level around 23k.


Cup n Handle is a top performing long signal but as it is top performer it has also a high failure quote.

so stay tuned for the next big upmove or failure.
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