Just updating my Cup & Handle idea with some extra things I've noticed.
The left side of the cup is formed by that huge wick so it's not pretty, but considering the volume also fits well with a Cup & Handle pattern I'm gonna say it counts. Looks like a handle is forming, and there's also a Bullish Divergence that suggests it's heading in that direction. Watch for a breakout at the neckline! What a month so far for crypto...I don't...
I'm just sayin....a LOT of trendlines converge around that green circle.... Just speculation but...
Bitcoin may take another dive soon before resuming the climb - that would probably be a perfect trigger for a breakout of this massive Cup & Handle that's basically fully formed, close to the neckline already and probably itching to breakout. Keep an eye on it!
Now that the Inverse Head & Shoulders from my earlier idea played out, it looks like it's formed a Cup & Handle (yellow) but I'm not 100% confident. Based on the neckline it's already roughly broken out, but I'm not convinced yet because the volume doesn't look quite right. It's possible that it's still in the process of forming a cup with a more horizontal...
As long as bitcoin doesn't go full bubble mode in the next day or 2 (which is possible), looks like we'll see another Ripple push.
Looks pretty clear to me. Bitcoin seems to be about to make a short term dip so the conditions looks right. We'll see if it plays out very soon!
Just some quick ideas on Maidsafe. Noticed it just barely touched the top of the triangle today. That could have been the top for a while but watch closely for that Cup & Handle breakout, or for another smaller handle over the next few weeks. If not I imagine it'll bounce around in that long-term triangle for a while.
Transferring this idea from my old biggullycoin account (I've switched to this one permanently). I've revised the angle & potential target of line 5 slightly. There's still the possibility of an Inverse Head & Shoulders as well (see my other idea) so watch out if it starts heading downwards around here and a right shoulder starts to form. Going below the right...
This is a tough one to call. Everyone and their mother bought Litecoin because of Segwit. When everyone buys...there's no one left to buy. So it's currently trying to shake off as many people as possible, and lots of pants are being shat (including mine, as I wasn't going to risk NOT being in for the Segwit lock-in). There are a LOT of people to shake off, and...
Digibyte looking bullish short-term because it's in a Segwit activation period and looks like it will get the support. Don't know what to expect long-term or if the excitement will last beyond that, but in the short term there's pump potential if this gets some steam. Looks like a cup & handle forming, watch for a breakout past the neckline. Supported by the...
Golem is one of the most promising projects in crypto right now - so I'm bullish regardless of TA. It looks like it's forming a pretty textbook Cup & Handle. We also have a nice big Bullish Hidden Divergence. The Ichimoku Cloud is positioned pretty nicely to curve the handle up right around where you'd expect too (will post a screenshot). Bitcoin is going...
Looks like another potential Cup & Handle. The yellow one doesn't really have a neckline point on the left side so I'm not sure how valid it is - otherwise it looks pretty good. Breakout may be happening now. If you draw it with the neckline at the previous peak (purple), we've already broken above the neckline and the target is similar. My for either one is...
Bitshares is starting to look more promising. It's on the low end of its price history right now, making progress, gaining more interest, and has just formed a bowl with appropriate volume - I can see a lot of upside here long-term if it continues to be bullish. Watch for a handle!
Jeez I feel like a one-trick pony with all these Cup & Handle ideas lol. I'm just seeing a lot of them lately. The earlier C&H played out and now there's a larger one that's just in the process of breaking out now. There are a few ways you could draw this one depending on how you look at it, but I chose to draw the angled one pictured because of how the volume...
Just what the title says. Here's the Cup & Handle idea for reference:
Possible larger Cup & Handle - with the smaller C&H I posted earlier being the handle for this one. Target coincides roughly with another major resistance line / previous peak. As I'm typing this I'm seeing the price fall a little bit - that may invalidate the smaller Cup & Handle (there were some bearish divergences that needed to be resolved at some point,...
There's a pretty nice Hidden Bullish Divergence there - and if that causes it to shoot up we might be looking at a pretty nice Cup & Handle. There's a clear neckline and the volume seems to fit. There are a couple of resistance lines so I've put the target between them, though the technical target for the Cup & Handle would fall closer to the higher one. Keep...