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CUP

GOLD (Y19.P2.E5).Macro.BullishPlayingOutMany countries have been accumulating gold, China, Russia, Germany, Turkey, etc Observations: On the weekly > One can see from the chart a bullish formation has taking place in the form of a cup or cup and handle or Inv. H&S. On the daily > Downward wedge with a breakout in progress. Note: There has been many discussions how people have linked the price moment of Gold equating to the same for BTC. It stands to reason that the similarities are due to both being anti fiat and storage of wealth.
OANDA:XAUUSDLong
by ssari
2
First post - Cup&Handle pattern? Hi traders and crypto friends, it´s BohemianCrypto, after months watching and learning i decided to publish my fist idea. It´s not trading advice, I´m still waiting for market to decide, but I see obvious Cup and Handle pattern which i have not seen published by anyone else here... So my question is what do you thing? Do you see the same in short or am I basically outside the bowl? Marry Christmas and may the force be with us next year. Cheers
COINBASE:BTCUSDShort
by BohemianCrypto