BTC - Cant be done moving up as the "handle" stops at 9744

BTC- This pattern is a "cup and handle reversed" - this is different from an inverted cup and handle -
Using the Bitstamp graphs show that
the 'handle" on this reverse cup and handle goes till 9744 -
The 9744 figure is calculated using 2X the distance from the bottom of the cup till the top of the cup - when a line is drawn down to where the "handle" intersects the line the point is around 9744 .
So BTC cannot be done moving up yet as 9744 has not been hit yet . BTC should complete the move to 9744 after this correction.

Yorum:

The Bitfinex graph is giving erroneous information and Im redoing the graph below using the BITSTAMP charts

Yorum:

update below