Cup and Handle Cup and Handle

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
664 3 4
The first large cup and handle may have helped push us to the recent highs of 1250. It looks like there may be a smaller cup and handle forming right next to it. If confirmed this cold push us above 2000. We will likely have to wait a while to see if it is confirmed though.

I am relatively new to using cup and handle formations for trading. Any feedback is appreciated.
Dream on.. We are going to see October price area - The chinese want fiat now not bitcoin
ChsaDos ChsaDos
PS- I feel bad for saying "Dream on" didn't mean it in an offensive manner :D the TA may be sound - but the current political atmosphere has huge implications.
Going up, china speaks out about Bitcoins and how they will have a future in the Chinese marketplace. The Chinese government will adopt Bitcoin so long as some rules are followed and security measures are taken. BUY BUY BUY BUY
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