Bitcoin (BTC) continues to consolidate in a nearly six-month price range that gets tighter and makes a breakout imminent. Zooming out, this range acts as the “handle” of a three-year “cup,” according to a cryptocurrency trader and technical analyst.
MetaShackle – known for trading and providing technical analyses for cryptocurrencies – published a new BTC idea on TradingView on August 27. As the analyst described, Bitcoin currently has “the biggest cup & handle in crypto history,” saying it will “shock the world.”
“BTC is forming an absolutely massive Cup & Handle on the Daily/Weekly chart. There has never been a formation like this in the history of crypto, and it’s sure to be an incredible run to levels that will shock the world.”
– MetaShackle
BTC 3-year cup & handle pattern. Source: TradingView / MetaShackle
What is the Cup and Handle pattern?
The ‘Cup and Handle’ pattern is a bullish chart formation in Bitcoin trading that
We współpracy z: https://finbold.com/bitcoin-draws-biggest-cup-and-handle-pattern-that-will-shock-the-world/
