The upper target of the "cup and handle" was at 8393 which has been hit.
The "cup and handle" is now moving in the opposite direction which should take it to a minimum of around 6159
The "cup and handle" is now moving in the opposite direction which should take it to a minimum of around 6159
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This cup can drop sharply down all the way to 34xx - so I'd be careful and use a very good stop-loss at around 7000
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Same "Reversal cup and handle" move here but on a larger scale and tilted at an angle .
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The Bitfinex graph is giving erroneous information and Im redoing the graph using the BITSTAMP charts
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update correction below -
