BTC is still performing well in the pattern. The Handle is shaping well! A 15% drop from the resistance of the cup would be at the 0.382 FIb level. If the 0.382 fib doesn't hold as support, than I would say the pattern becomes invalid. BTC is currently at the upper trendline of the handle, keeping a close eye to look if it will break. The CHOP is high and charged enough for a next run. Not expecting a breakout now, but stay sharp now. A big move might come any moment with a high CHOP value.
Currently looking for a long entry at the 0.382 fib level.
Currently looking for a long entry at the 0.382 fib level.