We can see last after being knocked down by the 50ma on the 1 week chart that last week's candle has closed back inside the descending triangle pattern invalidating the previous week's breakout...we also seem to have formed a nice handle for a 1 week chart cup and handle pattern however we don't want the handle to dip much lower than it already has or we will be...
3 lines of potential support for this fall I'm seeing our number 1 at 7413 which is top trendline of the big descending triangle pattern / adam and eve neckline we broke up from # 2 is the 4hr 200ma at 7060-7080 #3 is the 1 day charts 50ma at $6853..to have a chance at forming a higher low on the day chart, triggering the current cup and handle unfolding and the 1...
Cup and handle shown on 1 hr and 4 hr timeframe.
BTC anything is possible As we have seen in the past week BTC can acheive some amazing moves Just thought i would see your thoughts on this possibility. CUP N HANDLE FORMING?
Just my opinion, but with both the 4hr charts rsi and stochrsi well exhausted and well into the overbought zone and the 1 day chart's indicators now just reaching overbought conditions, I don't think we will be able to sustain an immediate breakout of the inverted head and shoulder pattern and a small correction is due to reset these indicator levels before a...
I wanted to see just how close we might be to my AI's 20,30k BTC predictions. It has been predicting a massive rally to the mid $20,000's for a month or so now so I figured I'd do a bit of charting for once. I decided to us Gann Fans since I know that BTC respects them quite well. I didn't realize just how true that was going to be zoomed out on the current BTCUSD...
The handle took way longer to occur than originally anticipated but the end result was the same none the less. I'm posting the original May 2nd Chart in the related idea link.
90% gains? cup and handle. Trade on Binance !
Cup and handle formed Bid talk last week What next?
I mean, I know it's quite out there...but. What if?
Something to be aware of. I have mentioned a potential inverted cup and handle awhile back maybe 3-5 ideas back...well with the latest drops we broke under that inv c&h's rimline which triggered a steeper fall. This is an incredibly deep cup and if it were to reach 100% of its projected target it could send us all the way to 4-.4.1k We have seen many normal cup...
Looking at the daily time frame a cup and handle formation is forming. (This is not financial advice, this is a volatile market where anything can happen)
Just my thoughts. What do yall think? Got a couple of scenarios here.
I know I have been focusing on other chart patterns recently while we are still inside the handle of Eve's Cup but I wanted to post this as a reminder that the A&E Double Bottom is still very much valid and I haven't thrown in the towel on it despite us dipping all the way down to $7090. As long as we see a nice bull run in the coming weeks I still firmly believe...
The recent dip back to the 4hour 50ma has us looking for a bounce and hopefully forming another higher low to continue the series of higher lows/higher highs. However, it sent a bear wick under the 50ma before bouncing back upward and that wick dropped down to the exact level it would need to complete the head of a new potential head and shoulder pattern. Because...