BitcoinUpdated W to cup and handle
What was a W is turning out to be a cup and handle. GBTC unlock was indeed a nothing burger
Note
20 MA (blue) trajectory heading to cross 200 MA (red) for a golden crossNote
fidelity.com/learning-center/trading-investing/technical-analysis/technical-indicator-guide/cup-with-handle"The price target following the breakout can be estimated by measuring the distance from the right top of the cup to the bottom of the cup and adding that number to the buy point."
53 - 24.5 + 42.7 = 71.2K
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.