Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Hello and good day to you dear traders!
First of all, Thank you for all the messages, for the feedback and the kind words. I adjusted the microphone level, please let me know if this is better than before :-)
Today I want to share the CUP & HANDLE formation. There are two patterns in this world which are existent.
1. The CONTINUATION pattern, which shows us the continuation of a trend or
2. REVERSAL pattern, which show a possible change of a trend (f.e. Cup&Handle, Head & Shoulders, Double Top and so on...)
Please let me know if you like the content, I really appreciate each of your private and public comments, I improve from that in addition I know I should continue with this videos (since I am very new to this).
Make sure to hit the subs/like button, if you like the content. And as always, have a nice day & Happy Trading, your quality-trader
Comment
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WOW!
Just right after I posted this Cup & Handle, exactly what I predicted happened. We pumped from 7000 to 7800!!!!
Nice quality trade here!
Comment
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Wow guys, already so much feedback, in 4hours almost 20 likes. I appreciate it you like the videos, looks like im gonna continue. Thanks for the direct messages, motivates me a lot! Looking for sideways action here until we see another attempt to break 7800, otherwise we might retest lower support levels. Keeping you updated!
These patterns are so subjective. If more traders think what you are presenting in this analysis than it will likely go as you predicted. Unless you have a clear representation of the pattern on the chart (in this case being a C&H) You will never be sure of what the market will do. I have seen very few completely clear cut (unmistakable) Cup and handle patterns
GER-Quality-Trades
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@HeisenbergBTC, Thank you for your feedback. As this cup and handle were forming I told a pump will happen in the shoirt term. The prophecy was fullfilled literally 1h afterwards. I guess this was a good prediction?
UnknownUnicorn4304403
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@GER-Quality-Trades, It may have been a decent prediction. A real C&H causes a real pump. This recent pump that occured a few hours ago was pretty lame. I think others may have seen what you saw and the result was a muffled pump. If more traders thought that was a C&H the pump would have been a bit better. But hey, if you made money on it I love it. Nice analysis