Evening Ed - The bottom of this cup is a 93% decline of the
prior run up. Bill O'Neil, who documented the cup and cup
with handle patterns, says that the bottom of the cup should be 30%
- 33% in a bull market but can be up to 50% in a bear market.
I think GBTC has some legs, but I don't think this is
a good example of a cup pattern.
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Evening Ed - The bottom
GBTC Bitcoin Trust. Weekly Close. The huge bullish {Cup} has ...
Posted by z0ned on 8th of Nov 2020 at 09:14 pm
Evening Ed - The bottom of this cup is a 93% decline of the prior run up. Bill O'Neil, who documented the cup and cup with handle patterns, says that the bottom of the cup should be 30% - 33% in a bull market but can be up to 50% in a bear market. I think GBTC has some legs, but I don't think this is a good example of a cup pattern.