I made this chart custom for you. Give a look. And watch Ethereum skyrocket soon. True cup and handles fail me 2/10 times probably - which in this game are great odds.
cache_that_pass
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First of all, props for posting your idea. That's the hardest part.
In return, here is all you need to know about cup and handles (which are very strong money makers when played right):
1. Stick to higher time frames. 4 hours minimum (worst), 1 day preferable, 1 week = best.
2. They happen at the top of the uptrend. Always. Look at a quick chart of Ethereum on the daily recently. Can you identify the cup and handle? Once it breaks that previous high, it's on. Set your stop less well below the handle part.
So to recap, cup and handle is a continuation pattern that will occur at the top of a recent uptrend, signaling that the price will continue to rise.
You will spot plenty of them in charts, but if it's not at the top, then it can't be trusted.
Good luck m8.
ShockwavePulsar
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If you are an absolute beginner, i can only recommend you study the way of Wyckoff. I've lost quite a bit of money, and this dude from 1930' his trading methods are more than just trendlines and will help you understand the psychology behind price, and how to time your entries and exits based on following the whales and big institutions. Been a trader since 2007.