Technicals Update: BTC Forming a Historic Pattern
Zoom out. When in doubt, zoom out. The daily chart is noise; the weekly chart is signal. And the signal on Bitcoin is screaming Accumulation.
The Multi-Year Cup and Handle
We are potentially tracking a massive Cup and Handle structure spanning 3 years.
- The Cup: The crash from 2021 highs to the 2022 lows, and the recovery to resistance.
- The Handle: The current choppy consolidation we are enduring.
Technical Targets
If this pattern confirms with a breakout above key resistance:
- Measured Move: Technical theory suggests a target significantly higher than previous ATHs.
- Volume signature: We need to see volume Expansion on the breakout to confirm validity.
Don't Front Run (Too Early)
A pattern isn't confirmed until it breaks.
- Premature Bulls: Get chopped up in the handle.
- Smart Money: Waits for the retest of the breakout level.
Use our Regime Detector to identify exactly when the market shifts from "Choppy" to "Trending."
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