Textbook Cup & Handle trading pattern on the 1D. Measured move is from the bottom of cup (bear market low Nov. 2022) to the top brim.
The brim, or the 2 opposing end points, must be relatively close to 180 deg. (AKA flat line) for the structure to be valid.
The handle is the bearish parallel channel to the right of the cup w the green supply and demand line....
Bitcoin retested the diamond's right upper slope and broke out to the upside @ 10:30 PM EST. It tested the slope this morning and the price reset inside the diamond. Now it has broken out. Expect 30K test soon.
Price broke upwards this morning, wicked the diamond's upper right slop, then pulled back ever so slightly. Notice the inflection point of the .236 fib and the upper right slope.
