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CUP

looking to form a higher low..potential h&s in playThe recent dip back to the 4hour 50ma has us looking for a bounce and hopefully forming another higher low to continue the series of higher lows/higher highs. However, it sent a bear wick under the 50ma before bouncing back upward and that wick dropped down to the exact level it would need to complete the head of a new potential head and shoulder pattern. Because of this it is imperative that on the next leg up we form another higher high otherwise the odds of forming the right shoulder of this potential head and shoulder pattern will be of a very high probability. Furthermore if we were to trigger that head and shoulder pattern there is a much larger inverted cup and handle pattern that could potentially be triggered shortly afterwards. Seeing a higher high after this higher low forms is very important, and if not at least an additional higher low or 2 until we reach that higher high. Hopefully this is what occurs...the inverted head and shoulder pattern we just broke above failed to reach its target breakout though so maybe the same would be true with a regular head and shoulder pattern as well. Stay cautious and vigilant and prepared for either outcome and you should be fine. I'm still optimistic of a bull run, but ready for the opposite.
BITFINEX:BTCUSD
by DrDovetail
4
Cup N' Handle almost complete!Hey TradingView, We are the Cryptono Vikings, a free Discord community where you can come to learn technical analysis for free at your own speed! Come join us discord.gg Today we bring you the Cup N' Handle. This pattern I found someone else charted but I couldn't find it again and I figured it would be a good lesson to try charting it myself and make my own targets etc. So I drew my top resistance line and measured the bottom to the top of the cup, to see if the handle is less than 50% and it is just shy of it which means it is valid. Next step was to take that distance and add it on top of the resistance line to get your target. My suspicion is that either we complete this pattern slightly before or right on main net launch, and then we go skyward :) My Target: 1800 sats Oddly enough, I have seen others project 1800 sats, and that is just the beginning :) This idea is for reference and educational purposes. Cup N' Handle Pattern: www.investopedia.com Trade safe my friends :)
Long
by leshacat
6
Steem possible cup & handle formationHello all, after 2 weeks of holidays in back in the crypto world! Steem is showing a possible cup&handle formation, An healthy retracement followed the strong uptrend happened in during April, in this scenario the impulsive 5 waves and ABC correction are clearly visible. On the daily chart supports match well with the fibonacci retracement, the price actually sit on a 4hr support and seems to consolidate but could briefly touch the next stronger support around 3500sat, could also be the end of C leg and the 0.618fib On the H4 timeline the falling wedge is squeezing but is also visible a small hidden bearish RSI divergence, this could shortly lead right in the daily support I mentioned before. Next hours should tell us more information, watch out the price for a possible reversal signal!
Long
by Horrorcoder
EOS/BTC: Cup & Handle finished, impulse waves to profit next!The chart of EOS is looking beautiful. I noticed a *long long long* cup and handle which EOS formed. IF this is a cup and handle which played out, impulse waves to new higher highs & beyond are next. With the upcoming mainnet release of EOS and all the airdrops that come with it, I wouldn't be surprised if we smash the previous ATH. The lowest low of the handle is supported by 1 longterm support, a fib line and the downward trendline of the Handle. These big supports are the reason I think EOS completed the Handle and is now up for big gains! Trade with caution! BTC is very shake and is currently at around 8600, but COULD drop below 8k (which I think won't happen anymore, but I am just an amateur TA :), so take my words with a big bag of salt).
Long
by Avicenna_omar
Doge Looking For BreakoutDoge has formed a perfect cup and handle pattern over the past few months. I originally predicted the bottom of the handle to be around 54 sats. With the BTC crash, we fell a little through that, and are now sitting around 52 sats. The 4h MACD is about to form a bullish cross. The RSI has bounced off the oversold line, and is forming a very clear bullish divergence over the past week. The MACD is also showing a clear, but more subtle bullish divergence. We have just had a bullish cross on the Stoch RSI earlier this morning. All these signs are pointing to a reversal in the price and that the bottom could be (more or less, within a few sats) reached. If you want to play it safe, you could wait for a confirmed breakout above the blue neckline. I have also outlined a few key resistances that should act as price targets. Currently, the neckline is around 74 sats, putting us at 42% increase from the current price. *my opinion - not financial advice*
Long
by green_brow
BTC creates a lower low; still forming handle.I exited my position once we dipped below $8790. At that point a lower low had been achieved on the 4hr chart which almost always tends to be just the beginning of further downside. However we are now in oversold conditions on the rsi and the stoch rsis buy signal line is finally curving back towards the upside. We also seem to have a decent sized support buy wall waiting at $8500...because of these support indicators there is a chance we may see a little bit of a bounce at 8500 however i think this will probably only be enough of a bounce to reach the top trendline of the handle before it bounces back downward and sees an even further dip. I believe the downside will continue until btc is finished forming the cup handle and since we've only just now formed a lower lower on the 4 hour chart I anticipate the handle will likely be much deeper than this. Of course I will always be prepared for the exact opposite outcome as well. I hope all reading prepare themselves for opposite outcomes as well.
BITFINEX:BTCUSDShort
by DrDovetail
8
IOTA/BTC Mid-Term - Cup and Handle IOTA had a very good time in the last few weeks, but is this bullish trend going to continue? In this chart I just showed the trend movement, channels, and the possibility of having a Cup and handle in the next few weeks. The Coin is OVERBOUGHT, yet that does not mean it won't go up again. It is more likely to have a correction in the next couple of weeks, which is the best time to go long! Watch the trend, and do your research before any investment.
by PersianAnger
Ethereum dominating over btc may have triggered c&hThe price action on ETH vs BTC has broken the hypothetical neckline on ethereums cup and handle and we have seen a nice bullish spike up because of it...however there were other higher candle bullwicks to the left of our rojected cup which means if the price action stops here at the same height as those bullwicks and turns back downward that this is the rea neckline height of the cup and we will likey start making the real handle from here...if we continue upward however then the real neckline is already in and the pattern has already been triggered...if we turn back downward and start forming a new handle it may be wise to short until the handle reaches its apex. For now though a potential triggering of ether's cup and handle pattern is very much in play.
Long
by DrDovetail
Siacoins successful cup & handle break is back for a sequel Siacoin is one of the select few alts whose cup and handle pattern has already successfully triggered without being a fakeout. It may not have reached the full projected breakout target yet but that's because on the way there it started forming another cup and handle around the smaller cup and handle. This is much like a cup and handle fakeout can do at first..however siacoin was not a fakeout as you can see by the large surge of bull volume right when it broke the original neckline. Siacoin is already showing you its plans for a sequel before it's original blockbuster has even left the theatres. Keep an eye on siacoin because it looks like it may be done forming its bigger cups handle...there is increased likihood that this bigger cup might not trigger since it already had one succesful cup but worth paying attention to none the less because double cup and handles can exist both in this fashion when it's a c&h inside a bigger c&h or when the cup of a smaller cup and handle is the handle of the bigger cup.
Long
by DrDovetail
Ethereum potentially reach neckline of its cup and handle.Keep in mind to the left of the cups left side of its rim is a higher candle wick which could potentially be the real rim of the cup and the cup could be deeper and have yet to have formed its rim...We will know whether or not the current neckline is the real neckline of ethereum's cup when we see large bull volume after we break the neckline within the first 3 consecutive 4hr candle closes above it. If not we have most likely not formed our cup yet and have will thus more dipping to so
Long
by DrDovetail
1