alanmasters
Education

Bitcoin (XBT) Cup & Handle Pattern (Learning)

BITMEX:XBT   Bitcoin / US Dollar Index
"The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks."

If this pattern breaks to the upside we can expect a move up from Bitcoin (XBT) soon.

This is an educational post covering some of the basics. This can be entertaining as well as profitable to learn those patterns.

Hit LIKE for more.. And Thanks a lot for the continued support.

Namaste.
Dec 23
Trade active: We are starting to move.
Dec 24
Trade closed: target reached: C&H Pattern adjusted:
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Thanks for your TA. Curious if you would have another look at BQX?

Happy Holidays!
Cheers!
+1 Reply
@keifer, I will take a look.
Reply
keifer alanmasters
@alanmasters, Your Awesome!

Thank You!
Cheers!
Reply
Thanks,Don't you think bitcoin making inverse head & shoulder pattern Also
Reply
alanmasters Mudassirbtc
@Mudassirbtc, I don't see it.
+1 Reply
Thanks for your education postings! Beginner trader here and susbcriber to AMB. I see the cup and handle and also the previous ascending channel you mentioned but aren't we also inside a descending triangle that tends to break to the downside that wouldn't take up further than the 40xx region? so in this case which patterns are given more weight in the analysis?

I haven't figured out how to post a screenshot of my charts here so apologies for not illustrating my comment.

Many thanks!
Reply
@joajoa, It depends on what time frame you are looking at.
Reply
joajoa alanmasters
@alanmasters, Ok I see, thanks! :)
Reply
I want to learn more
+1 Reply
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