Chart Patterns & Algorithmic Trader ( Sept . 28 , ' 20 ) ( 28 )
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BRTI ( Bitcoin ) Cup & Handle Pattern s
CME CF Bitcoin Real-Time Idx ($ BRTI ) is forming a Cup and Handle pattern on its daily chart and trading near the breakout level of $ 10514.77 . C & H patterns are valid only when price closes above the breakout level . A long trade is entered above the breakout level with a stop placed below the lowest low of the mid cup $ 7208.10 , and the handle low $ 8907.20 . Targets are placed at $ 13027.66 , $ 14601.6 to $ 15712.6 .
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