"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
RE: TODAY: 1 Bitcoin > 1 Ounce of Gold!!! Where's Bitcoin Heading? ("Cup & Handle" pattern)