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CUP

BAT There is a "Cup" Coin in the channel Option "Cup with handleAfter the breakdown of the horizontal channel, the figure "double bottom" appeared on the chart of the coin. This was in the previous trading idea for this coin in the update. Profit amounted to + 76% The situation is now. At the moment, we have the shape of a cup (saucer, rounded bottom) which, at the 4th stage (breaking through the resistance of the "bowl"), can go up to the indicated resistance. Another option - a downward channel can be drawn, which will act as the "Handle" of the "Cup with handle" figure . It is very important that if we follow the second scenario, the red zone is important, which will act as a support for the global channel. Roughly speaking, a successful retest of it will give a signal in growth over the entire width of the channel, and this is + 160%. But if support breaks through, then in the near future it will be better to forget about trading this coin. This is a very unlikely scenario. But this must always be remembered. At the expense of the coin, the coin is very strong fundamentally , this is one of those coins that I constantly trade and increase my position. I’ve been trading for almost a year and a half BAT. For example, this trading idea for trading BAT / BTC in a horizontal channel for November 2018. I showed all three options on the chart. The most likely is the "Cup with handle." ______________________________________ A bit about the figures on the charts Saucer shape (Bowl, Rounded bottom). The Saucer shape, or as it is often called the Chalice, the Rounded bottom is a long-term figure that predicts long-term growth that looks like a concave arc. The figure is found on large timeframes. In most cases, on weeks, but on instruments that quickly go through their cycle (cryptocurrency), they can occur on a daily timeframe. The rounded bottom is quite rare, but very reliable bullish pattern. Typically, a pattern is formed at the end of a long-term “bearish trend” and usually gives a signal of a market reversal. It should be noted that the ideal symmetry of the figure is not a prerequisite. The main thing is the presence of its key components: the descent of the price, the bottom, the rise in price and the breaking of resistance. Ideally, the formation of the “Saucer” pattern usually occurs in a narrow price range, in a calm market with the least volatility, when a trend reversal occurs smoothly, without strong price spikes. If, however, price spikes occur, then very soon the price will return to its usual range. The figure signals the long-term nature of the formation of a trend movement. The longer the figure forms in time, the stronger the signal is considered. The most reliable are the figures formed on weekly charts for at least several months. The older the time frame, the more reliable the signal. The rounded bottom is a long-term figure, and can stretch on the chart for a long period. _________________________________________ Stages of the formation of the figure. The Saucer figure consists of the following steps: 1) The descent of the price is the first phase of the figure. Price fall trend with a gradual slowdown. In the classical case, it should be a smooth arc, but in practice its shape can be flat or contain, on the contrary, correction minima and maxima. The main condition in this case is the gradually decelerating pace of price reduction. 2) The bottom is the lowest point of prices. It is the geometric center of the figure. It should be located on a gentle bottom (smooth bottom, without peaks). Although sometimes such a formation as the "Thorn" down or closed squeezes comes across at the bottom. The main thing is that these local formations do not violate the overall picture of the figure and movement in the global. If the lower point of the price forms the so-called platform on the chart, then the trading volumes gradually decrease, and at the moment of the price jump up sharply increase. Another surge in prices may be a signal to buy if the maximum of current prices is higher than the previous maximum. 3) Ascent of the price - after the minimum follows the ascent, which should ideally be symmetrical to the descent, and should last as long as the first phase (the descent of the price). There is a tendency to increase prices with a gradual acceleration. 4) The intersection of the resistance formed by the upper boundary of the whole figure (passes through the maximum point of the figure at the beginning of the period of its formation) is an additional confirmation of the rounded bottom and the final phase of the formation of the figure. After breaking through and fixing the price, the resistance level turns into a support level. When crossing the resistance, the volume rises as a rule. ______________________________________ The figure "Cup with handle" (Mug). The "Cup with handle" ("Mug") figure is a figure of the continuation of the trend. It is very reminiscent of the Saucer reversal pattern, but without the handle. One of the main features of this figure is that it is a continuation figure precisely on an uptrend. The figure got its interesting name because of the external similarity with the shape of the cup. The "Cup with handle" figure (Mug) consists of two parts: 1) Bowls. 2) Pens. This pattern appears on an uptrend. A pattern begins to form when a bottom forms in a concave arc on an uptrend. This is the first part of the figure - "Bowl". Upon completion, another bottom is formed, much smaller than the first. The edges of the "Bowl" and "Handle" are at approximately the same level (form resistance). Upon completion of the formation of the "Handle", the price breaks the resistance line from the bottom up and the figure is successfully confirmed. ________________________________________ Shape shaping and volume change. As a rule, the volume at the bottom of the "Cup" has a minimum value. "Cups" should gradually increase. The prices of pens should be reduced during formation. On the breakthrough of resistance, “Pens” are of high importance. When the resistance of the figure breaks through. _________________________________________ You need not only to know the rules of technical analysis, but also to understand what and how and why it works. All successful bidding.
BLong
by SpartaBTC
6
Total Market Cap: Cup with handleSo I have had this idea that the total market cap itself might be forming a cup with handle pattern. At the very most i can see the rounding bottom and now it seems we have begun to retrace. Typically we don't like to see too much of a retrace on the way down something around a 50 percent retrace from the low to high is preferred. On the chart i have noted that right now we are at the 61.8% retrace from the low to high but that's only on linear scale if we check log scale you would see that we are sitting near the 50 percent retrace. Log scale does however ruin the left side of our rounded bottom which is why i have kept the basis of this trade on the linear scale. A measured move if we ever did break out bullishly would bring the Crypto market cap very close to all time highs which would be a great time for any of the cryptocurrencies worth their weight. Too deep of a retrace downwards could ruin this set up but it's still worth looking at. Ignore the trendline i plotted on the MACD it was drawn on a smaller timeframe. *
CRYPTOCAP:TOTALLong
by RizeSenpai
Cup and handle formHere we can see a nice cup and handle forming. stages 1-4 have been complete with 1 at the initial wave downwards followed by stage 2-3 seeing the levelling and the mirrored wave back upwards to initial value. Stage 4 marks the form of the handle and we have seen a beautiful rest at 0.382 on our Fibonacci levels indicating a bull rise back up to complete stage 5 of the pattern and indicate a rise upwards like a phoenix from the ashes. I would expect to see a large short is it breaks down through the 0.382 level and if it goes back up to complete stage 5 of the cup and handle I expect to see a bull breakout upwards. Keep an eye on this one
by UnknownUnicorn705200
BTCUSDWe have identified the uptrend and a rounded retracement (CUP). The strategy applied says the strength and longevity of the prevailing trend will determine the success of trade. We have identified the handle of the cup. First buy entry on the handle breakout, the upper line (resistance) that define the handle structure is our trigger line of first buy. 2nd entry on the breakout of initial peak from where the cup started drawing up. Take profit at the same distance in price measured from the initial cup peak to bottom of cup. Place SL below rounded bottom after 2nd entry is triggered , then move both SL below the handle swing low. Thanks for taking the time to peruse my analysis -RW
BITSTAMP:BTCUSDLong
by rajhwillearn
Potential Cup and Handle on GOLD?Currently Gold is staying on 1535.5, which is a really hard support. Based on hourly timeframe, we can see that Gold has formed a CupnHandle chart pattern, which is a good sign for bull. Adding with continuous tradewar dramas, I do believe that the potential for Gold to achieve 1600 is possible. My idea is that Gold will rebound from here, which TP will be around 1550, then will do a correction until 1545, and will form a continuous uptrend. Worst case scenario, if Gold successfully break through the 1535.5 support level, it's time to short to 1530.
TVC:GOLDLong
by albertchong
1
Iota preparing for MASSIVE move!Note the following from my 15m chart: A) Iota is currently in an ascending triangle (uptrend). It is also running out of space and looks like it will break around 4pm EST. B) The 50 day moving average is currently acting as a support. C) A cup and handle has formed which is a strong indicator of an up move. D) The key here is the purple resistance line, it has already tried to break a few times (see long wicks where price was rejected). If it breaks the resistance, expect a massive move up.
BINANCE:IOTAUSDLong
by Buzz_Leighton