cryptsyisdead
Long

Cup and Handle BTCUSD

BITFINEX:BTCUSD   Bitcoin / Dollar
Given the recent price action on BTCUSD             I feel a cup and handle pattern is forming. We should see a rise off of the handle into the 530 area. Nice targets for the coming week.
Actually if you look at it in the correct timeframe there's the end of a reverse cup and handle happening. The 3 month cup and a 2 week handle
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Jups, I have noticed that before!
And a drew a chart of that inverse H&S around 20 days ago but people said it wasn't possible etc. Maybe you should take a look @ it :)
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Hmmm. I see that now.
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I'm sorry man but your timescale is to short!
Take a look @ this page maybe this will help you further :)
http://www.investopedia.com/university/charts/charts3.asp
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I didn't know there was a time requirement for C&H. Thanks for letting me know
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Maddie cryptsyisdead
Your welcome!
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This is how a real cup & handle pattern looks like:

http://www.youtube.com/watch?v=0ogdKyQa7LU
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