We have a great basing pattern here, you can also look back at the one from a couple months ago and the result of that. We fill this gap and its a nice bowl or cup shaped consolidation and buying pattern, if we get a pullback from the $58k level and a retest, then we have the Cup and Handle. The timeframe is looking like 4 to 10 days to break above $58k and create a new leg up
Note
Just printed an all time high. Gap is filled
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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.