Bitcoin Cup And Handle Pattern
Hey fame, what's up?
We traders always have the fear of losing trades and going against our plan, this is not a strange thing in this world and this is fine. You are not the only first person who is facing it right now, believe me, reading books and watching videos over the internet won't make it to get out of your mindset. You are the only one who can deal with this, How? Well, TBH everyone has a different mindset and there's no fixed way. As a trader, we trade probabilities with a specific view. Instead of hoping for trade for work in your favor, calculate probabilities and make your plan and execute that. That's the only way of upgrading yourself for the better version of yourself. My motive for placing this philosophy before my idea is to tell you that no one can predict the market with 100% accuracy, we trade probabilities and there's no fixed way of price to play out. Let's jump into the idea...
- As per my view and observation, price is forming a cup & handle pattern and this is a bullish pattern as the price was in a uptrend as a bull cycle is in play. Currently, the price is in a handle, If the price follows this pattern, high probability we'll see prices at a new high soon. Breakout of price above the handle will be the first sign of play.
Remember, there's a high chance of pattern invalidation and seriously I don't wanna give you FAKE HOPE.
Hope you like it, if yes please do follow and like.
We traders always have the fear of losing trades and going against our plan, this is not a strange thing in this world and this is fine. You are not the only first person who is facing it right now, believe me, reading books and watching videos over the internet won't make it to get out of your mindset. You are the only one who can deal with this, How? Well, TBH everyone has a different mindset and there's no fixed way. As a trader, we trade probabilities with a specific view. Instead of hoping for trade for work in your favor, calculate probabilities and make your plan and execute that. That's the only way of upgrading yourself for the better version of yourself. My motive for placing this philosophy before my idea is to tell you that no one can predict the market with 100% accuracy, we trade probabilities and there's no fixed way of price to play out. Let's jump into the idea...
- As per my view and observation, price is forming a cup & handle pattern and this is a bullish pattern as the price was in a uptrend as a bull cycle is in play. Currently, the price is in a handle, If the price follows this pattern, high probability we'll see prices at a new high soon. Breakout of price above the handle will be the first sign of play.
Remember, there's a high chance of pattern invalidation and seriously I don't wanna give you FAKE HOPE.
Hope you like it, if yes please do follow and like.
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