I've found a lot of Cup & handles recently in many charts.
Why do i like this pattern so much?
Well, statistically, in an important bull market , the cup and handle pattern's overall performance rank would be 3/39, which means it is the 3rd best performing pattern out of 39.
It's average percentage of actually hitting the price target is a whopping 61%.
These numbers are based on 913 perfect trades.
You can look back at all my C&H ideas from last weeks, most of them reached their target.
So now on the 4H , let's enjoy this C&H on the BTC chart ;)
My source for the statistics is the technical chart pattern handbook by Bulkowski btw, i can only recommend it ;)
Have a great day !
Why do i like this pattern so much?
Well, statistically, in an important bull market , the cup and handle pattern's overall performance rank would be 3/39, which means it is the 3rd best performing pattern out of 39.
It's average percentage of actually hitting the price target is a whopping 61%.
These numbers are based on 913 perfect trades.
You can look back at all my C&H ideas from last weeks, most of them reached their target.
So now on the 4H , let's enjoy this C&H on the BTC chart ;)
My source for the statistics is the technical chart pattern handbook by Bulkowski btw, i can only recommend it ;)
Have a great day !
Comment:
This was B-E-A-U-T-I-F-U-L !