BTC making a very defined Cup and Handle, up to 14,600

Bitcoin is forming a very clear cup with handle pattern that seems more clear than the inverted head and shoulder (ongoing formation - see other idea below)

To play this pattern we can pick two entry points, one that is aggressive at the handle breakout with early take profit at 11300 dollars and a "proper" more conservative entry at the rim of the cup.

Volume must be significantly higher to validate the pattern and confirm the breakout.

Trade Safe.

Trade attivo:

Aggressive entry

Commento:

Commento:

Close outside the handle/wedge volume increase, stop moved to breakeven.

Trade chiuso: obiettivo raggiunto:

Take profit for Aggressive entry.

Commento:

Trying to break the 0.618 fibonacci line before finding the Rim to complete the cup and handle pattern I have been looking these days. We have to stay in the 11,600/11,800 range to clearly loook to test the rim at 11,875

Commento: