A Multi-Year Cup and Handle has Formed in BTCUSD

19 Eyl 2016

As expected for a cup and handle, we see declining volume as the price falls, indicating less and less willing sellers. With the current geopolitical atmosphere (negative interest rates, stagnating economic growth), Bitcoin seems primed to receive an influx of attention and adoption during a flight to safety. I expect Bitcoin is going to be a pretty wild ride before the year is out.