Bitcoin signals teatime

A Cup and Handle have formed on the BTC charts

I feel a little stupid for not having noticed it a day or two earlier, I blame a “lack of zooming out” – a danger when one gets caught up looking at the short-term charts.

Here it is on the charts:

Made by Bit Brain with TradingView

The Cup and Handle is a bullish pattern. Confirmation has already occurred with BTC leaping up in price and breaking through multiple Fib levels over the last 24 hours.

The obviously negates my prediction of yesterday, though the Fib levels from that post are still holding true and have been confirmed by the latest movement:

Made

About the author: Bit Brain

A walking crypto encyclopedia. Honest, Realistic, Opinionated. Futurist, Autodidact, Polymath.