There is an obvious cup and handle
pattern forming on the 4h chart. The pattern dates back to July 26th. (26 days ago). I'm also toying with the idea that this could be Elliot Wave
1 and 2. Wave 3 could send us as high as 4500-5000 sats
. This handle should not correct much longer so I'm starting to take a couple positions now. If the support line is broken (about 1800 sats
) I will exit this trade because price could go lower.