BTC Cup and Handle?BTC BRoke out of the trend line last night, at first it looked like a failed breakout as the volume was fairly low. I went to bed to wake up this morning to see the Volume increased in a huge way and we zoomed to $9400. Taking a look at the chart now, we see the 200ma is pushing, we are above the ema in a huge way which is a bullish sign. Above the green ichimoku Cloud , which is in climbing. an argument can be made for a cup and handle setup and we are currently pushing against the latest resistance line. If we break through I would say a move to around 10190 is on the cards, as it is the 1.618 fib line. Watch for Volume increase and a breakout, should see a pull back after 1.618 for an entry point if you missed the boat.
Good Luck
