Cup and Handle on Bitcoin

Updated
Mother of all cup and handles on bitcoin, could recede down to 1/3 of the cup to last support line threshold.. then pop back up 100k+ and above
Trade active
So far, playing out 56-58k range. I speculate if it's in capitulation and heading to the 48k mark or if it could reverse from here. Something tells me, without Quantitative Easing (QE) it won't go up from here.
Chart PatternsTrend Analysis

Disclaimer