Bitcoin forming a pretty clean cup and handle formation (bullish) . I’ve brought up some VPVR levels as well and you can see nice confluence. Strong VPVR support at the bottom of the handle around 36000 and strong resistance at the neckline of the cup and handle around 37500 - 37750.
A nice break above, and retest of, the cup and handle neckline at 37500 (in confluence with VPVR resistance/support) should give BTC a decent chance of reaching the technical price target of the cup and handle at $42000. Take profits early , the VPVR shows significant resistance at around $40000. Walk away from the trade if bitcoin closes below the handle ($35750). Never leverage more than 5% of your portfolio. Stay safe out there boys .
A nice break above, and retest of, the cup and handle neckline at 37500 (in confluence with VPVR resistance/support) should give BTC a decent chance of reaching the technical price target of the cup and handle at $42000. Take profits early , the VPVR shows significant resistance at around $40000. Walk away from the trade if bitcoin closes below the handle ($35750). Never leverage more than 5% of your portfolio. Stay safe out there boys .