Cup and Handle. NOT H and S.
This chart looks like it's been turning into a Cup and Handle for a while now. Last night the ridge of the cup formed which resulted in the beginning of the formation of a Handle. Something which many of us called and accurately predicted.
Now, it appears that we are nearing the support of the Handle. Soon the apex of the cup will be tested for the third time and we should see breakout.
If not, we are probably re-living the "crash" of 2014. If that's the case you should either sell everything now or lock your coins (don't even consider holding BTC) up somewhere safe because you aren't going to see BTC's ATH for at least another 2 years.
I'm hoping we can continue having fun rather than sit here bag holding until 2020. Remember, it _did_ turn out that way in the past. There's no telling but it could end up like that again this time around.
Now, it appears that we are nearing the support of the Handle. Soon the apex of the cup will be tested for the third time and we should see breakout.
If not, we are probably re-living the "crash" of 2014. If that's the case you should either sell everything now or lock your coins (don't even consider holding BTC) up somewhere safe because you aren't going to see BTC's ATH for at least another 2 years.
I'm hoping we can continue having fun rather than sit here bag holding until 2020. Remember, it _did_ turn out that way in the past. There's no telling but it could end up like that again this time around.
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