We want to share an interesting pattern on the monthly GBTC – Grayscale Bitcoin Trust chart. It’s a nice bullish cup and handle pattern, where the handle is supported by a 20-month moving average. Cup and Handle is a bullish pattern that can push GBTC, Bitcoin and the whole Crypto market higher at the end of 2024 or the beginning of 2025.
The cup and handle pattern is a bullish continuation pattern in technical analysis. It looks like a cup with a handle on a price chart. The cup is U-shaped, indicating a period of consolidation followed by recovery. The handle is a short period of consolidation after the cup, leading to a breakout above the handle's resistance level, signaling a potential continuation of the uptrend.
Not only cup and candle, but even Elliott wave path suggests price can resume up, not to mention risk-on flows and bearish Dollar.
The cup and handle pattern is a bullish continuation pattern in technical analysis. It looks like a cup with a handle on a price chart. The cup is U-shaped, indicating a period of consolidation followed by recovery. The handle is a short period of consolidation after the cup, leading to a breakout above the handle's resistance level, signaling a potential continuation of the uptrend.
Not only cup and candle, but even Elliott wave path suggests price can resume up, not to mention risk-on flows and bearish Dollar.
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פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
Join the community for one week, full access. Its free >> @ wavetraders.com/elliott-wave-plans/
Learn Elliott Waves Sale-65%
👉 wavetraders.com/academy/
Newsletter
👉 bit.ly/3FVPVzO
Learn Elliott Waves Sale-65%
👉 wavetraders.com/academy/
Newsletter
👉 bit.ly/3FVPVzO
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.