At first I thought this was a bullish head and shoulders pattern.{image}And now it is looking more like a bullish cup and handle pattern. Having said that: I would sell hard. Because the market almost always take the opposite direction of the charts.
Not really sure where to set target, stop is easy....67,300 should not be revisited. 78k target seems highly likely. The CME gap will be filled at 84,400, but will there be a reaction at 78/79k first? If bitcoin has made a long-term bottom, it might blow through both of those. Other option is just trailing a stop. Pretty clear the bulls are back in charge now
{quote} Your analysis is very detailed and considers the possibility of different scenarios. I think we can combine your approach by first trailing the stop loss and then observing the reaction at 78-79k. This way, we can control risk while also capturing trend opportunities.
