The price of BTC began to sideways, rather than having a descent as we thought yesterday. It is important to understand if, after this stage, prices will reinitiate to rise or vice versa will fall.
In image 1 we can see, on the graph with daily timeframe of the change btc / usd, a possible pattern cup & handle:
Image 1: Tradingview – BTC / USD – 2018-04-22 – cup & handle
The cup & handle is mainly an inversion figure that is obtained at the end of a phase of price decrease. Therefore, on the BTC chart, it is a positive sign of recovery.
We are waiting to see if this signal is also found on prices.