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Bitcoin Weekly Cup and Handle

Cup formation: December 2013 - December 2016.

Handle: Two week drop in early January.

Breakout: Above cup top in early February.

Following this parallel channel up, testing $1391 would occur March 27-April 17 and testing $1784 would occur May 29-June 19.

Given the uncertainty around the SEC rule change for an ETF , the result could bring it outside of the channel. It will be interesting to see if it holds through March.
Bitcoin (Cryptocurrency)BitstampbreakoutBTCUSDCup And HandlepatternWeekly Charts

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