MoonTrader

Cup and handle on 15m chart?

BITSTAMP:BTCUSD   Bitcoin / Dollar
131 3 3
I'm really just experimenting here. I don't know a lot about this pattern. Is this a cup and handle? I know it's a small time frame, but I was curious.

Thanks.
Maddie
2 years ago
Well spotted, you could be right! But the cup can extend from 1 to 6 months, sometimes longer on weekly charts. The handle can be from 1 week to many weeks and ideally completes within 1-4 weeks.
Here is an example
Cup and Handle Pattern


Hope this helped! :)
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MoonTrader
2 years ago
Thanks. I like your chart, but why does it seem bearish after the handle?
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Maddie MoonTrader
2 years ago
Unfortunately cup and handle patterns don't always go bullish.
A good way to spot a bearish pattern is when the D is higher dan the E.

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