These guys don't know how to measure a cup and handle...
This is something...
They are claiming bitcoin going to $230k because the cup and handle pattern.
(Source: https://cointelegraph.com/news/bitcoin-cup-and-handle-breakout-230k-target-sol-2800-gain)
Except that is now you measure it.
You take the low of the cup and measure to the top of the cup.
Then you add that to the breakout point of the handle.
That points to a target more like $120k.
Not anywhere near $230k....
@jrcornel, great breakdown of the Bitcoin "cup and handle" pattern! I appreciate you cutting through the hype and offering a more realistic target based on the actual measurement methodology. It's so important to have level-headed analysis like this in the often-exuberant world of crypto predictions. Seeing you challenge the $230k figure with clear reasoning and a visual aid really makes your argument compelling. This kind of insightful perspective is what helps the Steemit community make informed decisions. What are some other patterns you're watching right now? I'm curious to hear your take on other potential indicators! Keep up the fantastic work!