🔥 Bitcoin Cup & Handle: Patience For Break Out ☕

BTC has been forming a cup & handle pattern over the last couple of days. Note that the pattern is not finished yet, so we can't be certain whether it's really a cup & handle, but we can at least prepare for it.

I'm waiting for BTC to break through the top yellow resistance area. A break out through there will confirm the pattern and will likely result in a bullish break out.

31k is my short-term target. Patience is key.

Kommentar:

Pattern invalidated, we broke lower. No entry has been made because we didn't break through the yellow area.