W to cup and handle

Updated

What was a W is turning out to be a cup and handle. GBTC unlock was indeed a nothing burger

Note

20 MA (blue) trajectory heading to cross 200 MA (red) for a golden cross

Note

fidelity.com/learning-center/trading-investing/technical-analysis/technical-indicator-guide/cup-with-handle
"The price target following the breakout can be estimated by measuring the distance from the right top of the cup to the bottom of the cup and adding that number to the buy point."
53 - 24.5 + 42.7 = 71.2K

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