🔥 Bitcoin Bullish Cup & Handle Pattern: Wait For Confirmation!
Updated
BTC saw two huge bearish and bullish moves over the last two days. This morning, BTC found resistance around the most recent local top around 27.5k and corrected downwards.
Assuming that the most recent minor low of 26.4k is going to hold, a bullish cup & handle pattern will likely form on the chart. Keep in mind that this pattern has not yet been confirmed. It will be confirmed once the price will break through 27.5k, will will also activate the trade.
Target placed at the 2023 top area of 31k for a decent 2.9 risk-reward ratio.
Assuming that the most recent minor low of 26.4k is going to hold, a bullish cup & handle pattern will likely form on the chart. Keep in mind that this pattern has not yet been confirmed. It will be confirmed once the price will break through 27.5k, will will also activate the trade.
Target placed at the 2023 top area of 31k for a decent 2.9 risk-reward ratio.
Comment
Trade has never been activated. No entry has been made.
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