"If the shape of the cup is too sharp (or quick), it is not considered a true consolidation phase in the upward trend and thus weakens the potential trade signal."
The Cup you figured is exactly that, sharp, almost V shape. Expect some kind of retracement to build a solid Cup, potentially with EFT denial
I don't see it that way at all.
Prices ranged (at the bottom of the cup) for nearly a year between ~200 and ~300 (how do you get a V-bottom pattern out of that? -- that's majorly, majorly stretching it). Another really nice feature of Bitcoin's price performance, regarding this pattern, is the near mirrored rise, compared to it's initial decline off of the 2013 high. It nearly makes a perfect semi-circle.
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