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Inverted Cup and Handle

Bitcoin breakout from falling wedge patternYesterday , I posted that there was an inverted cup and handle pattern forming in 1H timeframe of BTC, but since we are in an uptrend since last week, the probability of inverted cup and handle pattern forming completely and breaking it's neckline, is quite low. Within the inverted cup, there was a falling wedge pattern and BTC broke out of that wedge an hour ago. I think it's safe to enter into a long side trade at the retest of wedge pattern with target1 as 42000 and target2 as 46000 .
Long
by KbL_
Inverted cup and handle in BTCOn June 14, we witnessed bitcoin breaking out of it's flag and reaching its 40,000 resistance. As we can see that bitcoin has been rejected by the 40,000 resistance multiple times and eventually started moving down. What it looks like to me is that there is an inverted cup and handle pattern forming in 1H timeframe. If this pattern is completed then we might see bitcoin touching it's 30,000 resistance and if it breaks out of 30,000 resistance as well, the next stop of bitcoin will be 26,000 .
Short
by KbL_
1
Inverted cup and handle formation in BTC | El Salvador impact?Quick glance: It has been a crazy past 24 hours for BTC. At one prices crashed more than 10% across the spectrum. Then it rebounded again. Then came the historical decision by El Salvador to accept Bitcoin as a legal tender. Our previous analysis on BTCUSD covered the dip yesterday. Market in the last 24hrs BTCUSD witnessed a major dip and then a quick rally. Trading volume has however reduced consistently during the past 24 hours. Today’s Trend analysis BTCUSD seems to be forming an inverted cup and handle pattern. It is a Bearish reversal pattern. BTCUSD could retrace its support zone at $33k again shortly. However, the indicators still point to a neutral consolidated move. Price volatility remained high at approximately 4.8%, with the day's range between $32423.72 — $35450.00. Price at the time of publishing: $35006.39 BTC's market cap: $656.04 Billion Out of 11 Oscillator indicators, 9 are neutral, and 2 point to 'BUY' signals, and none of them point to a 'SELL' signal. Out of 15 Moving average indicators, 7 are giving a 'SELL' signal, and 7 are giving a 'BUY' signal. Indicator summary is giving a 'NEUTRAL' signal on BTCUSD . Volumes have remained low in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
COINBASE:BTCUSD
by Mudrex
5
Bharti Airtel Chart Analysis Bharti Airtel rounded top formation completed and but got support from the 400 First perspective According to the analysis 1, It got support from 400, that is very strong support zone (360-400) you can check monthly and weekly time frame to get an idea 2, Break down of this support zone, will leads to 275 target then 225 will hit (note: will take more than 6 months to hit the final target) (Higher chance) 3,next week is very crucial for bharti Airtel, weekly close above 420 will leads to min target of 500. Second perspective 1, Bullish engulfing and follow up bullish candle, suggest short term bullish view. that to match with the 3rd point of first perspective 2, Formation of inverted cup and handle, handle will ends in 0.382 or .500 of cup height ie, 500 & 520 (Short term - most possible one) so short term bullish, Potential reversal zone 500 or 520. 3, Short from 520 will hit 400. then 2nd point of first perspective Third perspective 1, It will retrace up to .786 of cup height (Fib ret) and then start down move to 400 2, very weak one, move to hit 600 again to form double top and then start down move 3, very less chance, breakup of 600 to make new high
NSE:BHARTIARTL
by FMSmo
USDJPY, 4hr tf, sell inverted cup and handle breakoutHello my friends, I hope you all enjoy your weeked and had a great thanksgiving holiday. I am gonna share my trading plan for next week to you all guys. Monday gonna be the end of November so we will pay attention to it as it is going to be a key candle for some pairs. Some pairs need a confirmation on this November candle close to determine the direction. First trading plan for next week is USDJPY pairs. As you can see the last 2 weeks, JPY has been very weak against USD compared to others major currency. As long as price could hold below 104.20 in a monthly closing basis, i favor USDJPY going down. So we will pay attention to November closing candle. In my opinion there is a chance it is forming an inverted cup and handle. We will see this pair go down if it managed to take out the neckline. We won't enter immediately on Monday. Instead, give it some time until price closed below the neckline and enter when it retested it. The measured objective of this pattern is around 230pips so it will take some time to materialize. Sell USDJPY 104.15 Stop loss 14.85 Take profit 101.90 (3.2R) RR Ratio 1 : 3.2 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
USDCHF Inverted Cup&Handle check my previous ideasHi friends hit the like/follow button to motivate me to continue. Check my previous ideas to keep up to date. We went over USDJPY and EURUSD that have move similar, now USDCHF is the pair they’re opposite trend. Now this is not always 100% due to volatility and Fundamentals impact. We can observe the inverted cup and handle was respected, also we can see how the trend was opposite from EURUSD and USDJPY. We can expect further downtrend to support area. But before the handle in this case since it is inverted, can be expected to uptrend to Fibonacci levels before it pushes down. If it breaks further confirmations would be necessary to determine the next position, for now we can continue to see downtrend to support area. Be ready if the time trend bounces from support back to fibonacci levels. What are the strategies I use? A combination of strategies: Confluence; Pair Correlation; Naked Forex. The tools and indicators I used: SMAs;Pivot Standard;Fibonacci Retracement tool.
Short
by Cangaceiro
1