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CUP

The Road to Recovery for Bitcoin and Altcoins During the 2008 recession, economist looked at data from the Great Depression in the 1930's to help them understand what the path to recovery would look like. In cryptocurrency, the only past example of a major retracement was 2014 (and that took 3 years to recover!). However, of course, since more people know about crypto now and there are other great coins and development teams out there (not just Bitcoin), the recovery shouldn't take quite that long. This is a projection of what the 2018 recovery would look like if it does follow the pattern of 2014-2016. One major assumption I'm making is that the market will crash back down to its strongest support, below even the lowest ebb we saw in February. This is just a realistic assumption; I've never seen a head and shoulders that turned out well; crypto enthusiasts are telling themselves that this couldn't possibly be like the dot-com bubble because it's different, but it is much like it. A recovery won't happen overnight, and I would be highly suspicious of any massive recovery that happens in a very short period of time. A Fibonacci cup that tests resistances and grows organically is much more healthy and likely than a surge to 820 billion in April that basically just looks like a set of twin peaks. Since the massive correction happened 3 times as quickly, this projection does assume that the recovery period will happen 3 times as quickly (just under 1 year instead of 3). I understand many people who expected quick sustainable growth will be very disappointed, especially because they're surrounded themselves with yes-men who even told them in January that the market was just bull-flagging and there was nothing to worry about. But this recovery may very well take the better part if not most of the year if the market truly falls down to its strongest support. The massive bull run that happened in October, November and December took the entire 9 months of accumulation to create. The next bullrun will need an accumulation phase as well. For mid to long term holders, I would wait till April or May to buy in at least.
BITFINEX:BTCUSDLong
by dfsemeraro
1
Cup & handle (BTCUSD (Coinbase))We can see that the development of the BTCUSD price has continued along (the ever so amateur looking) cup and handle pattern. If we are right and we have a bullish breakout, then we could head past the $12,000 mark. My recent trend channel points towards the possibility of $13,000, but we will see. Apologies for the amateurish cup & handle, I simply do not know how to create a neater one at the moment being a relative newbie to Tradingview. Thanks in advance for your understanding.
COINBASE:BTCUSDLong
by JayStieren
Cup and handle tries to break through channel wall but failsJust a temporary short for the next couple 4 hour candles...only because the last 4 hour candle finished as a bearish engulfing candle...As you can see that channel trendline is a line of extreme resistance...the cp and handle has yet to hit its target price because of it...it will likely retest the channel trendline a couple more tiems and then eventually bounce through but we could dip down into the 10350 region potentially before we see it rally enough momentum to do so...keep a close eye on the epth chart determine the best places to sell and rebuy/ I'm long in the long term but in the very short term..short.
BITFINEX:BTCUSDShort
by DrDovetail
LINK forming textbook example of cup and handle pattern$LINK is forming a textbook example of a cup and handle pattern. Volume increased near the bottom, handle didn't retrace more than 50%, and we're getting a spike in volume near the breakout point of the handle. I expect some long term gains Link itself is a awesome project with a great vision. Strategy: Buy below 0.0007 Sell at: 0.00098 (We're going to blast trough this one, so only sell at this point if you're a very active trader) Rebuy at: 0.00075 Sell at update will follow
Long
by JaimeKing
*BITCOIN* - HUGE CUP AND HANDLE (TARGET 14,500) Hey Traders, We seen a decent size rally up from the bottom so far and now is the time for a correction, looking at the 4 hour RSI we have been over bought for a couple of days and now we are seeing a down. Ever time Bitcoin has pierced the 70 on the RSI we seen a massive down move to follow. This brought me to the cup and handle pattern which I drew out here. Target buy is around 9,300 and sell at 14,500. I picked 9,200 as the end of the down because the 100 would approximately be the bounce. 14,500 is the target on the fib but it may bust through it . *do you own DD if you find this useful* Thanks!
BITMEX:XBTLong
by toaby
NEO/BITCOIN - MASSIVE CUP&HANDLE -1/28/18NEO looks to completing a Cup & Handle Formation! Looks Bullish! - Massive Cup & Handle looks to have formed, right now, Handle is forming. If Handle continues as should, expect a breakout of upwards price movement, possibly to ATHs. - Mini Ascending Triangle has formed on the Handle of the Cup, a very bullish sign and indicator of further breakout upwards to come. - Bollinger Bands determine breakout and trends. Bollinger Bands were previously narrow as trend continued to consolidate, BUT as Bollinger Bands begin to widen (as they are currently doing), this signals a breakout is imminent, most likely bullish based on the likely possibility we are in the formation of the HANDLE.
by Vermillionz
1
OMISEGO/BTC Forecast [Possible Cup&Handle Formations]- 1/27/18Forecast for Omisego - RSI @ 49 currently, neutral as it is neither overbought or oversold, if RSI continues downward towards 30, OMG becomes more oversold and more bullish. - MACD's last cross was January 17th, expect it to cross again in the very near future (maybe a week or two). Expect price breakout to be bullish. - Bolling Bands are clearly narrowing, indicating a temporary trend has formed and may continue sideways. Once Bollinger Bands begin to widen again, we can expect a breakout, most likely a bullish one. Charted two Cup&Handle formations, would love to hear everyone else's thoughts on them!! Green Cup (longer, bigger cup trend) shows a possible cup formation in progress. If current trends can pick up and hit the 0.786 Fib Retracement level, we can expect a quick and temporary dip (known as the Handle) before further explosive breakout. The 2nd Cup formation (the blue Cup), is also another possible Cup&Handle formation, this time, the Cup has already formed and we are just waiting on the Handle to complete its formation. If Handle completes, expect bullish momentum, possibly bringing us up to the 0.786 Fib Retracement level and maybe even finishing the 1st larger, green Cup?!!??? - We can also see that the 2nd, smaller, blue Cup has a Handle the seems to be forming a Falling Wedge, which also indicates upwards price movements once a breakout occurs. Also have a Symmetrical Triangle (black dotted lines, passing through the 2nd, smaller, blue Handle). This can also give us an indication of possible future trends from which ever way the breakout starts. Support level has been drawn out, might seem sort of high, in any case, it is probably a good idea to have more than one support level drawn out. Cheers!!
OLong
by Vermillionz