BTC to 8700?

We can see a cup and handle pattern in the forming beside the IH&S targeting 8700 and higher.

Comment:

C&H extended and created a new neckline at 7861, however it went down more than 33% of the CUP in 1H,2H,3H,4H which invalidates the pattern.

However on 1D, there is a possibility of closing above 33% of the CUP move i.e; above 7423. All we can do now is, wait patiently for the reversal pattern.

Order cancelled:

Pattern Invalidated!