fantasyeth

fantasyeth

I think there are two possible options for BTC this week.

fantasyeth

Is BTC forming a Cup and Handle Pattern? The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout.

fantasyeth

Is this a Bull Trap or are we just starting the bull run? Looking at Apr 2021 we see a similar scenario playing out with a pull back before a new all time high.

fantasyeth

All indicators are that BTC will go higher, but there is one scenario where it could go lower first (Wyckoff DM). Just another idea.