ForexGrandMaster

BTCUSD - Cup and Handle Formation.

Long
BITSTAMP:BTCUSD   Bitcoin
What could be spotted right now is a cup and handle formation with price currently at a semi-major resistance with the major resistance being at $1,000. If price breaks above current market price of $765, expect price to get to $1,000 but profit taking might see a small drop before price eventually breaks this resistance.

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