cuphandlechart
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BTC and the BIGGEST CUP & HANDLE IN CRYPTO HISTORY!
$BTC
BTC is forming a massive Cup & Handle on the Daily/Weekly chart. There has never been a formation like this in the history of crypto, and it's sure to be an incredible run to levels that will shock the world.
#cuphandlechart #BullRunAhead #SurpriseIncoming #BearishPhase #BTC☀
$BTC
BTC is forming a massive Cup & Handle on the Daily/Weekly chart. There has never been a formation like this in the history of crypto, and it's sure to be an incredible run to levels that will shock the world.
#cuphandlechart #BullRunAhead #SurpriseIncoming #BearishPhase #BTC☀
$JUP guys have lost a cup at your home, you must be. . . because the cup is starting at jup chart now 😁😁🤣 #cuphandlechart
Biyond Weekly: Imagining The Cup & Handle Pattern
This week I would like to discuss the formation of the cup & handle pattern that is currently forming on the Bitcoin weekly chart.
The Cup & Handle is amongst a handful of very reliable trend continuation price patterns.
Source: Tradingview.com
For me, this pattern now takes center stage, as the recent drop from just close to $70,000 to just below the $50,000 level has eradicated a potential Wyckoff pattern on the daily chart ever playing out.
Source: Tradingview.com
Gold also recently ignited a cup & handle pattern and after breaking $2,100 and quickly rose to just shy of $2,500, further underscoring the effectiveness of this pattern.
Source: Tradingview.com
One of the many golden rules of the cup & handle pattern is it must form during an uptrend in order for it to be valid. Bitcoin certainly fits that category.
Another golden rule for the cup & handle pattern, specifically the handle formation, is that this very important part of the pattern should not exceed certain measurements.
Source: Tradingview.com
Ideally, the depth of the forming handle should not exceed a value equal to ½ of the depth of the cup.
I am pleased to say that during this weeks dip Bitcoin has not got anywhere near a 1/2 or percent of the cup size. So the pattern remains very valid.
Also, a sharp surge in volume should accompany the moment of breaking through the price level needed to start the breakout. This looks to be around the $70,000 area.
Source: Tradingview.com
This part is currently speculative, but keep a mental note to check BTC volume around $70,000 and especially if a new ATH is made.
How far should the price rally to once the pattern is eventually and inevitably ignited?
The target level for this pattern is the height of the cup, laid up from the resistance level.
Very broadly, Bitcoin should therefore go towards $110,000 to $120,000 level judging by the target.
This seems about right.
Source: Tradingview.com
However, it's important to note that the Crypto Total Market Cap has now formed a Cup & Handle pattern like Bitcoin.
This could suggest that altcoins are going to lag Bitcoin and BTC is going to steal the show.
Fundamentally, this makes sense if we consider the ETF vehicle used by funds and the possible Trump victory ahead.
#WeekendWisdom #cuphandlechart #GOLD_UPDATE #BiyondWeekly #TotalCryptoMarketCap
The Cup & Handle is amongst a handful of very reliable trend continuation price patterns.
Source: Tradingview.com
For me, this pattern now takes center stage, as the recent drop from just close to $70,000 to just below the $50,000 level has eradicated a potential Wyckoff pattern on the daily chart ever playing out.
Source: Tradingview.com
Gold also recently ignited a cup & handle pattern and after breaking $2,100 and quickly rose to just shy of $2,500, further underscoring the effectiveness of this pattern.
Source: Tradingview.com
One of the many golden rules of the cup & handle pattern is it must form during an uptrend in order for it to be valid. Bitcoin certainly fits that category.
Another golden rule for the cup & handle pattern, specifically the handle formation, is that this very important part of the pattern should not exceed certain measurements.
Source: Tradingview.com
Ideally, the depth of the forming handle should not exceed a value equal to ½ of the depth of the cup.
I am pleased to say that during this weeks dip Bitcoin has not got anywhere near a 1/2 or percent of the cup size. So the pattern remains very valid.
Also, a sharp surge in volume should accompany the moment of breaking through the price level needed to start the breakout. This looks to be around the $70,000 area.
Source: Tradingview.com
This part is currently speculative, but keep a mental note to check BTC volume around $70,000 and especially if a new ATH is made.
How far should the price rally to once the pattern is eventually and inevitably ignited?
The target level for this pattern is the height of the cup, laid up from the resistance level.
Very broadly, Bitcoin should therefore go towards $110,000 to $120,000 level judging by the target.
This seems about right.
Source: Tradingview.com
However, it's important to note that the Crypto Total Market Cap has now formed a Cup & Handle pattern like Bitcoin.
This could suggest that altcoins are going to lag Bitcoin and BTC is going to steal the show.
Fundamentally, this makes sense if we consider the ETF vehicle used by funds and the possible Trump victory ahead.
#WeekendWisdom #cuphandlechart #GOLD_UPDATE #BiyondWeekly #TotalCryptoMarketCap
Analyzing the **Cup and Handle Formation** in SOLUSDT
#cupandhandle #cuphandlechart #solusdt #Write2Earn! #BinanceSquareFamily
The **Cup and Handle** chart pattern is often regarded as a bullish signal in trading. Recently, in the case of **SOLUSDT**, this formation has emerged, indicating potential upward momentum. However, to validate this pattern, it is crucial to achieve **closes above 200 USD**.
Key Observations:
- The **Cup and Handle** formation generally signifies a consolidation period followed by a breakout.
- The critical threshold for confirmation is a closing price above **200 USD**.
- Historically, successful breakouts from this pattern can lead to significant price increases.
Conclusion :
While the presence of the **Cup and Handle** formation is encouraging, traders should exercise caution. The inability to close above **200 USD** may signal a lack of bullish strength.
Advice :
- Monitor Closings : Keep a close eye on daily closing prices; a consistent close above **200 USD** will provide a stronger bullish signal.
- Set Alerts : Consider setting price alerts to stay informed about significant movements.
- Risk Management : Implement robust risk management strategies to safeguard against potential downturns if the breakout fails.
In summary, while the **Cup and Handle** formation in **SOLUSDT** is promising, confirmation through price action is essential for making informed trading decisions.
#cupandhandle #cuphandlechart #solusdt #Write2Earn! #BinanceSquareFamily
The **Cup and Handle** chart pattern is often regarded as a bullish signal in trading. Recently, in the case of **SOLUSDT**, this formation has emerged, indicating potential upward momentum. However, to validate this pattern, it is crucial to achieve **closes above 200 USD**.
Key Observations:
- The **Cup and Handle** formation generally signifies a consolidation period followed by a breakout.
- The critical threshold for confirmation is a closing price above **200 USD**.
- Historically, successful breakouts from this pattern can lead to significant price increases.
Conclusion :
While the presence of the **Cup and Handle** formation is encouraging, traders should exercise caution. The inability to close above **200 USD** may signal a lack of bullish strength.
Advice :
- Monitor Closings : Keep a close eye on daily closing prices; a consistent close above **200 USD** will provide a stronger bullish signal.
- Set Alerts : Consider setting price alerts to stay informed about significant movements.
- Risk Management : Implement robust risk management strategies to safeguard against potential downturns if the breakout fails.
In summary, while the **Cup and Handle** formation in **SOLUSDT** is promising, confirmation through price action is essential for making informed trading decisions.
Anyone has an idea? why #Arweave not forming a bullish moment?
$AR #Uptrend #cuphandlechart #storage #Altcoinsralli
$AR #Uptrend #cuphandlechart #storage #Altcoinsralli