Its not a cup and handle formation. Cup and handles are specifically supposed to be U shaped and not V shaped.
lets make up a new term.
call it, V shaped TA trap.
What's on the top right... a red-giant star about to go supernova!?
Or its a pinota and 200,000 bitcoins fall out.
that would be nice.
but their no need, fundamentals are so strong that bitcoin always has an upward drift even on low volume.
freaking out yet?
wait till i start a count down.
My concern is that (besides the normal consideration of a 7 week+ long period to describe a cup-and-handle setup) the weakened V-shape, weak volume, lack of volatility, and slipping trend may turn this into a bull trap if it doesn't break through the resistance at $778 that Yoya carefully pointed out.