Cup and Handle criterion not met. For example; the handle would begin at 945 Satoshi and drop to about 33% of the max depth of the Cup. The handle then should continue rounding upward until the 945 Satoshi level is tested again. This time a confirmation of the Handle results in explosive upward momentum.
Also, in most markets a Cup and Handle pattern emerges over the course of several months or years. Crazy how Crypto moves so fast.
I think that Investopedia has some pretty well defined examples of Cup and Handle formations and a little bit of the math and rules behind them.
CryptoJulio
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sorry it doesn't match at all the criteria to form a cup and handle here. Learn more before posting your hopes and dreams ;)
rainner
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@CryptoJulio, how about you clarify why you think this is not a trend continuation? Nn need for attacks, all I said was to keep an eye on it.
CryptoJulio
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sorry didn't want to attack :)
I didn't say there is no continuation pattern, but for sure there is no cup and handle here.
I would bet more on a symmetrical triangle. And we may leave it right now, try to draw it and think about it.
Thank you for your contribution anyway and I also keep and eye on this hot crypto :)
Also, in most markets a Cup and Handle pattern emerges over the course of several months or years. Crazy how Crypto moves so fast.
I think that Investopedia has some pretty well defined examples of Cup and Handle formations and a little bit of the math and rules behind them.