Bitcoin breaking by March 16 - Cup and handle pattern
Expected downside movement in coming days to 52K level, followed by upward movement towards 58K level to break out above.
Kommentar:
Bottom target hit of ~ 52K. Now forming the cup of the cup and handle pattern. Looking for the break out in coming week to previous top of 61794. Need to see break out above ~ 61.7K with strong volume to confirm cup and handle pattern
Kommentar:
Need to see green daily candles close and reach neck line of cup and handle by ~ March 22 to confirm pattern.