DrewR

Inverted Cup and Handle Forming?

MTGOX:BTCUSD   Bitcoin
2
Looks like a possible inverted cup and handle is forming. If you zoom out on my chart a bit, you should be able to see the previous one I pointed out for others.

For a healthy correction, we should continue down closer to 1000 (with ~850 max), but this is bitcoin and you never know!

Bottom line: Correction not over.

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