BitcoinEducation
Cup and Handle Pattern
The cup and handle pattern is considered to be a bullish continuation pattern and consists of a U-shape bottom and a handle that together resembles a teacup. While the inverse cup and handle pattern is considered to be a bearish continuation pattern and consists of an inverted U-shape bottom and a handle that together resembles an inverted teacup.
How to trade the cup and handle pattern?
there are several ways to trade this pattern but I will only write about the pattern I use.
i. mark out my key areas in the pattern
ii. mark out the resistance or support area.
iii. wait for the break of the resistance or support.
iv. wait price to retest the resistance or support.
v. look for entry long or short.
vi. my target is always the height of the cup.
Please like and comment if you learn anything from this. Thanks
How to trade the cup and handle pattern?
there are several ways to trade this pattern but I will only write about the pattern I use.
i. mark out my key areas in the pattern
ii. mark out the resistance or support area.
iii. wait for the break of the resistance or support.
iv. wait price to retest the resistance or support.
v. look for entry long or short.
vi. my target is always the height of the cup.
Please like and comment if you learn anything from this. Thanks
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