CUP
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
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
#CDSL #CUP WITH HANDLEIS CDSL MAKING CUP WITH HANDLE? BREAKOUT IS ALSO WITH VOLUME INCREASE, PLS COMMENT
ETH (Prj.2019,P02.E03).V2.Cup in the making.MACRO LEVELThis explains why ETH has been performing well and why I'm focused on ETH since it's reversal.
This has confluence with my previous posts at the micro and macro level.
Trend reversal almost confirmed using the fib.pitchfork method
Previous Post
cup and handle in FETUSDT and buy time for nice profitthere is place that you should buy FET and hold it to 0.076
the stoploss is in 0.059 or 0.057
BTC (Prj.2019.P04.E02.v2).Medium.Macro Level.HypothesisThe picture explains the thesis....It has merit (fractural and confluence)
Closeup shots
Based on previous post, continuation
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.
Long STNE Cup with HandleSet up is complete with a back test this morning. I will go long after market open settles. Back test gives some added protection here.
Short Term Long- Unless Cup and Handle Is Formed At Trend LineQuick xrp chart
If the ~4 cent Resistance level is achived, on the Right shoulder, possible Cup and Handle pattern coming into play.
NOT AN EXPERT DISCLAIMER
Stay vigilant and watch your Levels.
As always DYOR and Good Luck
POSSIBLE INVERTED CUP AND HANDLE 1D chartBINANCE:ETHUSDT Inverted cup and handle pattern forming on daily chart, indicators seems to support the idea for now. Let's see how this will play out.
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.
Possible Downward Tilted Cup & Handle On Altcoin Total MarketcapNot sure how often ones that have his much downward tilt actually trigger but something worth keeping an eye on all the same. Neutral until I see confirmation fo some sort of breakout.
BTC Prj.2019.P02E04.v5.Cup&Handle x2Big break out coming?
Going with the pattern and buildup, it might even pass 9700.
V and Cup and\or Round bottom pattern as well. All bullish.
smaller C&H
Altcoin MCAP - potential Cup + HandleLooking at the altcoin market cap, we have a potential cup and handle formation.
Potentially, the cup last a longer time to 'fill' before launch but it could also happen within the next 30-45 days.
Bitcoin could see 9.7k and likely flirt with 10k and support these prices for a week or so before correction.
Our hope is that Bitcoin's price remains stable long enough to support the flow from bitcoin into alts before said correction ensues for the entire crypto market. (Maybe)
Litecoin making crazy gains against btc; ltcbtc forming c&hLikely due to the halving that's set to occur in August I believe.
